STATEMENT OF ADDITIONAL INFORMATION

(SAI)

This Statement of Additional Information (SAI) contains details of UTI Mutual

Fund, its constitution and certain tax, legal and general information. It is
incorporated by reference (is legally a part of the Scheme Information Document).

This SAI is updated upto March 31, 2022

This SAI is dated June 24, 2022

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 UTI MF SAI (31.3.22)
LIST OF ADDENDA TO SAI
Addendum No. Date of Addendum Particulars
22/2022-23 July 01, 2022 Change in designation of Key Personnel of UTI AMC Ltd

ADDENDUM NO. 22/2022-23

Change in designation of Key Personnel of UTI AMC Ltd

All investors are requested to note that Mr Vivek Kumar, Head - Legal has been redesignated as Advisor for Legal Matters
with effect from July 1, 2022.

The section ‘Information of Key Personnel of UTI AMC’ under Statement of Additional Information (SAI) shall be
amended accordingly.

This addendum is an integral part of the Statement of Additional Information (SAI) and Scheme Information Documents
(SID) / Key Information Memoranda (KIM) of the Schemes of UTI Mutual Fund and shall be read in conjunction with the
SAI & SID/KIM.

This Addendum is dated July 01, 2022.

I
 STATEMENT OF ADDITIONAL INFORMATION

TABLE OF CONTENTS

Item no. Contents Page no.

1. INFORMATION ABOUT SPONSOR, ASSET MANAGEMENT

CO. (AMC) & TRUSTEE CO.
A. CONSTITUTION OF THE MUTUAL FUND 3

B. SPONSORS 3

C. THE TRUSTEE 4
D. ASSET MANAGEMENT COMPANY 9

E. SERVICE PROVIDERS
1. Custodians 24
2. Registrar and Transfer Agent 24
3. Statutory Auditors 25
4. Legal Counsel 25
5. Fund Accountant 25
6. Collecting Bankers / Paying Bankers 25

F. CONDENSED FINANCIAL INFORMATION (CFI) 25

II. HOW TO APPLY? 25

III. RIGHTS OF UNITHOLDERS OF THE SCHEME 68

IV PROCEDURE FOLLOWED AT UTI AMC FOR TAKING

INVESTMENT DECISIONS, INVESTMENT VALUATION
NORMS FOR SECURITIES AND OTHER ASSETS 70

V TAX, LEGAL & GENERAL INFORMATION

A. TAX INFORMATION 83
B. LEGAL INFORMATION 91
C. GENERAL INFORMATION 95

2

STATEMENT OF ADDITIONAL INFORMATION (SAI)
I. INFORMATION ABOUT SPONSOR, AMC
AND TRUSTEE COMPANY
A. Constitution of the Mutual Fund
1. UTI – The Division and Repeal of the Unit
Trust of India Act, 1963 (UTI Act)
In terms of The Unit Trust of India (Transfer of
Undertaking and Repeal) Act 2002 (hereafter
referred to as the Act), interalia, all the Schemes /
Plans of the erstwhile Unit Trust of India stood
transferred to and vested in UTI Trustee
Company Private Limited, the Trustee Company
of UTI Mutual Fund and the Administrator of the
Specified Undertaking of the Unit Trust of India
with effect from the appointed day i.e. 1st
February 2003. UTI Mutual Fund has been
structured in accordance with The SEBI (Mutual
Funds) Regulations, 1996. Comprising a three
tier structure namely UTI Mutual Fund, UTI
Trustee Company Pvt. Ltd., (the Trustee
Company to UTI Mutual Fund) and UTI Asset
Management Company Ltd., (the Investment
Managers to UTI Mutual Fund).
2. Constitution and Objective of UTI Mutual
Fund
The UTI Mutual Fund (the Mutual Fund) has
been constituted as a Trust on December 09,
2002 in accordance with the provisions of the
Indian Trusts Act, 1882 (2 of 1882) with Bank of
Baroda, Punjab National Bank, State Bank of
India and Life Insurance Corporation of India as
the Sponsors and UTI Trustee Company Private
Ltd as the Trustee. The Trust Deed has been
registered under the Indian Registration Act,
1908. The Mutual Fund was registered with
SEBI on January 14, 2003 under Registration
Code MF/048/03/01.
The main objective of the Mutual Fund is:
Pooling of capital from the public for collective
investment by way of acquisition, holding,
management, trading or disposal of securities or
any other property whatsoever, for the purpose of
providing facilities for the participation by
persons as beneficiaries in such properties or
investments and in the profits or income arising
there from.
B. Sponsors
UTI Mutual Fund is sponsored by Bank of
Baroda, Punjab National Bank, State Bank of
India and the Life Insurance Corporation of India
(LIC). The Sponsors have entrusted a sum of
Rs10,000/- to the Trustee as the initial
3
UTI MF SAI (31.3.22)
contribution towards the corpus of the Mutual
Fund.
Financial Performance of the Sponsors (past
three years):
a) Bank of Baroda:-
Bank of Baroda is a commercial bank
performing activities in terms of Banking
Companies (Acquisition and Transfer of
Undertakings Act 1970) under which the
Undertaking of the Bank was taken over by the
Central Government. During the period since
inception, it has always maintained its practice
of sound value based banking to emerge as one
of the premier public sector Banks of the
country today. It has a track record of
uninterrupted profits since inception in 1908.
The financial strength of the Bank and its long
tradition of efficient customer service are
drawn substantially from the extensive reach of
its 8214 strong branch network (amalgamated)
covering almost every State and Union
Territory in the Country as at 31.03.2021 The
Bank is also one of the few Indian Banks with
a formidable presence overseas with 96
branches/offices.
The financial performance of Bank of Baroda
during the last 3 fiscal years is as under:
(Rs. in crores)
Particula 2018- 2019- 2020-
rs 19 20 21
Net 36620 44,45 55,191
Worth 7
Total 56065 86301 82860
Income
Profit 434 546 829
After Tax
b) Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is
amongst the largest insurance companies in
the world, with 8 Zonal Offices, 113
Divisional Offices, 2048 Branch Offices,
1546 Satellite Offices & 1173 Mini Offices
and having a Fund size of Rs. 3722491
Crore (as of 31-03-2021)
The financial performance of LIC during the
last 3 fiscal years is as under:
 UTI MF SAI (31.3.22)
(Rs. in crores)

Particulars 2018-19 2019-20 2020-21

Net Worth 679 740 6361 As on 31.03.2021, Punjab National Bank
Total Income 560784 615883 682205 had 10769 branches, overseas presence in -
Profit after 2688 2713 2901 7countries and a deposit size of Rs. 1106332
Tax crores.
Life Fund 2828320 3114496 3439251
The financial performance of the Punjab
Note: National Bank during the last 3 fiscal years
1. The entire capital of Rs.5 crore has been is as under:
provided by the Central Government in (Rs. in crores)
terms of Section 5 of the LIC Act, 1956. Particular 2018- 2019-20 2020-21
2. Earning per Share/Book Value per Share: s 19
Not applicable to the Corporation. Net worth 41205 57599 55604
Total 58688 63074 93562
3. % of Dividend paid is equal to 5% of Income
the Valuation Surplus and since the Profit after (9975) 336 2021
Government holds the entire capital of tax
Rs.5 crore, the whole dividend is paid to
the Government under Section 28 of the d) State Bank of India:
LIC Act, 1956.
The State Bank of India is the largest public
c) Punjab National Bank sector bank in India with 22219 branches in
Punjab National Bank is a commercial bank India and 229 overseas offices in 31 countries
performing activities in terms of Banking worldwide as on 31.03.2021. In addition to this,
Companies (Acquisition and Transfer of SBI also has 55 (subsidiaries / joint ventures /
Undertakings Act 1970) under which the associates).
Undertaking of the Bank was taken over by
the Central Government. The main object of The financial performance of State Bank of India
the bank under the said Act is as below:- for the last three fiscal years is summarised
An act to provide for the acquisition and below: (Rs. in crores)
transfer of the undertaking of 29 certain Particulars 2018-19 2019-20 2020-21
banking companies, having regard to their Net Worth 220913 232007 214666
size, resources coverage and organisation, in Total Income 279644 302545 308647
order to further to control the heights of the Profit after tax 862 14488 20410
economy, to meet progressively and serve
better, the needs of the development of the
economy and to promote the welfare of the The sponsors are not responsible nor liable for any
people, in conformity with the policy of the loss resulting from the operation of the scheme
State towards securing the principles laid beyond the contribution of an amount of
down in clause (b) and (c) of Article 39 of Rs.10,000/- made by them towards setting up of the
the Constitution of India and for matter Mutual Fund.
connected therewith or incidental therein.

C. The Trustee

UTI Trustee Company Private Limited (the Trustee), through its Board of Directors, discharges its
obligations as Trustee of the UTI Mutual Fund. The Trustee ensures that the transactions entered into by UTI
AMC are in accordance with the SEBI Regulations and reviews the activities carried on by the UTI AMC.
With effect from January 20, 2010, the sponsors viz., State Bank of India, Bank of Baroda, Punjab National
Ba nk and Life Insurance Corporation of India, which are also the shareholders of UTI AMC, have sold
26% of their respective share holdings in UTI Trustee Co P Ltd in equal proportion to T. Rowe Price
International Ltd (Formerly known as T. Rowe Price Global Investment Services Limited), UK (TRP), a
wholly owned subsidiary of T Rowe Price Group, Inc, as a strategic investor. Further , three sponsors viz.,
State Bank of India, Bank of Baroda & Life Insurance Corporation of India and T. Rowe price International

4
 UTI MF SAI (31.3.22)
Ltd. (TRP) and UTI Trustee Company Pvt. Ltd. have entered into a Share Purchase Agreement dated 11th
November 2020 for further divestment of 8.51% equity stake by each of the three sponsors, in UTI Trustee
Company Pvt. Limited in favor of TRP. On completion of the transaction/equity stake sale, equity
shareholding of TRP in UTI Trustee Company Pvt. Ltd. stands increased from 26% to 51.53% and the equity
shareholding of each of the three Sponsors/Selling Shareholders (SBI, LIC and BoB) stands reduced from
18.5% to 9.99%. Equity shareholding of the other Sponsor viz. Punjab national Bank continues to be at 18.5
% in UTI Trustee Company Pvt. Ltd.
T.Rowe Price Group, Inc. is a NASDAQ (National Association of Securities Dealers Automated Quotations)
listed company, founded in 1937 the Baltimore, USA based T.Rowe Price Group, Inc.
(www.troweprice.com) is a global investment management organization. As of March 31, 2022, T Rowe
Price International Ltd managed approximately $ $ 247.4 billion on a discretionary basis and approximately
$ 0.5 billion billion on a non-discretionary basis for its clients.

a. Details of Trustee Directors as on 31st March 2022:

Name Age/ Brief Experience Other Directorships

Qualification
Mr. Suhail 56 years / MA He is an Independent (i) Piramal Enterprises Limited
Nathani in Law Director of UTI Trustee (ii) Piramal Capital & Housing
(Cambridge Company Private Limited. Finance Limited
University), He is the Co-Founder and (iii) Mahindra CIE
LLM (Duke Partner of the ‘Economic Automotive Limited
University) Laws Practice’. (iv) Salaam Bombay
Foundation
(v) Aga Khan Agency for Habitat
India
(vi) Progressive Electoral
Trust
(vii) Welspun Middle East
Pipes LLC (incorporated in
Saudi Arabia)
Mr. Shiva Kumar 69 years / BA He is an Independent a. Titanium Fortune Financial
(H) Director of UTI Trustee Services Pvt Ltd and
Company Private Limited. (i) Integro Finserv Private
He was Chief General Limited.
Manager at State Bank of
India and Managing
Director of State Bank of
Bikaner & Jaipur. He was
also President of
Edelweiss Financial
Services Group, Mumbai
Ms. Mukeeta 57 years / B.A. She is an Independent (i) Raymond Limited
Jhaveri (Econ & Pol Director of UTI Trustee (ii) Taurus Trading Pvt Ltd
Science) and Company Private Limited. (iii) St. Jude India Childcare
Centres and
B.Sc (Finance), She has worked at DSP
(iv) Cathedral and John
New York Financial Consultants, Connon Alumni
University (now Bank of America Association.
Merrill Lynch), Mumbai
as Head of Equity Sales
and Vice President Capital
Markets. She has
considerable experience in
the areas of merchant
banking, capital market,
equity sales and portfolio

5
 UTI MF SAI (31.3.22)
management. She serves
on the Board of Raymond
Limited, Taurus Trading
Pvt Ltd and St. Jude India
Childcare Centres as a
Director.
Mr. A Ramesh Kumar and Mr. Sudesh Kumar Kapahi cease to be Directors on the Board of UTI Trustee
Company Pvt. Ltd. with effect from June 16, 2022.

b) Rights, Duties and Responsibilities of the regulations, prior in principle approval

Trustees and substantial provisions of the
Trust Deed
Pursuant to the Trust Deed constituting the
Mutual Fund and the SEBI (Mutual Funds)
Regulations, 1996 the Trustees have several
duties and responsibilities including the
following:
(1) The Trustees and the Asset Management
Company (AMC) shall with the prior
approval of SEBI enter into an Investment
Management Agreement.
(2) The Investment Management Agreement
shall contain such clauses as are mentioned
in the Fourth Schedule of SEBI (MF)
Guidelines, 1996 and such other clauses as
are necessary for the purpose of making
investments.
(3) The Trustees shall have a right to obtain
from UTI AMC such information as is
considered necessary by the Trustees.
(4) The Trustees shall ensure before the launch
of any scheme that UTI AMC has: -
(a) systems in place for its back office,
dealing room and accounting;
(b) appointed all key personnel including
Fund Manager(s) for the scheme(s) and
submitted their bio-data which shall
contain the educational qualifications,
past experience in the securities market
with the Trustees, within 15 days of their
appointment;
(c) appointed Auditors to audit its accounts;
(d) appointed a Compliance Officer who
shall be responsible for monitoring the
compliance of the Act, rules and
regulations, notifications, guidelines
instructions, etc., issued by SEBI or the
Central Government and for redressal of
investors' grievances;
(e) appointed Registrars and laid down
parameters for their supervision;
(f) prepared a compliance manual and
designed internal control mechanisms
including internal audit systems;
(g) specified norms for empanelment of
brokers and marketing agents.
(h) obtained, wherever required under these
from the recognised stock exchange(s)
where units are proposed to be listed.
(4A) The compliance officer appointed under
clause (d) of sub-regulation (4) shall
immediately and independently report to the
Board any non-compliance observed by him.
(5) The Trustees shall ensure that an AMC has
been diligent in empanelling the brokers, in
monitoring securities transactions with
brokers and avoiding undue concentration of
business with any broker.
(6) The Trustees shall ensure that UTI AMC has
not given any undue or unfair advantage to
any associates or dealt with any of the
associates of UTI AMC in any manner
detrimental to interest of the unitholders.
(7) The Trustees shall ensure that the
transactions entered into by UTI AMC are in
accordance with the regulations and the
scheme.
(8) The Trustees shall ensure that UTI AMC has
been managing the Mutual Fund Schemes
independent of other activities and have
taken adequate steps to ensure that the
interests of investors of one scheme are not
being compromised with those of any other
scheme or of other activities of UTI AMC.
(9) The Trustees shall ensure that all the
activities of UTI AMC are in accordance
with the provisions of the regulations of
SEBI.
(10) Where the Trustees have reason to believe
that the conduct of business of the Mutual
Fund is not in accordance with the
Regulations of SEBI and the scheme, they
shall forthwith take such remedial steps as
are necessary by them and shall immediately
inform SEBI of the violation and the action
taken by them.
(11) Each trustee shall file the details of his
transactions of dealing in securities with the
Mutual Fund, within the time and manner as
may be specified by the Board from time to
time.
(12) The Trustees shall be accountable for, and be
the Custodian of the funds and property of
the respective schemes and shall hold the

6

same in trust for the benefit of the
unitholders in accordance with the
Regulations of SEBI and the provisions of
Trust Deed.
(13) The Trustees shall take steps to ensure that
the transactions of the Mutual Fund are in
accordance with the provisions of the Trust
Deed.
(14) The Trustees shall be responsible for the
calculation of any income due to be paid to
the Mutual Fund and also of any income
received in the Mutual Fund for the holders
of the units of any scheme in accordance
with the regulations of SEBI and the Trust
Deed.
(15) The Trustees shall obtain the consent of the
unitholders -
(a) whenever required to do so by SEBI in
the interest of the unitholders; or
(b) whenever required to do so on the
requisition made by three-fourths of the
unitholders of any scheme; or
(c) when the majority of the trustees decide
to wind up a scheme in terms of clause
(a) of sub regulation (2) of regulation 39
or prematurely redeem the units of a
close ended scheme..
(15A) The trustees shall ensure that no change in the
fundamental attributes of any scheme or the
trust or fees and expenses payable or any
other change which would modify the scheme
and affects the interest of unitholders, shall be
carried out unless,—
(i) a written communication about the
proposed change is sent to each unitholder
and an advertisement is given in one English
daily newspaper having nationwide
circulation as well as in a newspaper
published in the language of region where the
Head Office of the mutual fund is situated;
and
(ii) the unitholders are given an option to exit
at the prevailing Net Asset Value without any
exit load.
(16) The Trustees shall call for the details of
transactions in securities by the key
personnel of UTI AMC in his own name or
on behalf of UTI AMC and shall report to
SEBI, as and when required.
(17) The Trustees shall quarterly review all
transactions carried out between the Mutual
Fund, AMC and its associates.
(18) The trustees shall on a quarterly basis review
the networth of the asset management
company to ensure compliance with the
threshold provided in clause (f) of sub-
7
UTI MF SAI (31.3.22)
regulation (1) of regulation 21 on a
continuous basis.
(19) The Trustees shall periodically review all
service contracts such as custody
arrangements, transfer agency of the
securities and satisfy itself that such
contracts are executed in the interest of the
unitholders.
(20) The Trustees shall ensure that there is no
conflict of interest between the manner of
deployment of its networth by UTI AMC and
the interest of the unitholders.
(21) The Trustees shall periodically review the
investor complaints received and the
redressal of the same by UTI AMC.
(22) The Trustees shall abide by the Code of
Conduct as specified in PART-A of the Fifth
Schedule of the SEBI (Mutual Funds)
Regulations.
(23) The Trustees shall furnish to SEBI on a half
yearly basis, -
(a) a report on the activities of the Mutual
Fund;
(b) a certificate stating that the Trustees
have satisfied themselves that there have
been no instances of self dealing or front
running by any of the Trustees,
Directors and key personnel of UTI
AMC;
(c) a certificate to the effect that UTI AMC
has been managing the schemes
independently of any other activities and
in case any activities of the nature
referred to in clause (b) of regulation 24
have been undertaken by UTI AMC and
has taken adequate steps to ensure that
the interest of the unitholders are
protected.
(24) The independent Trustees referred to in sub-
regulation (5) of regulation 16 shall give
their comments on the report received from
UTI AMC regarding the investments by the
Mutual Fund in the securities of group
companies of the sponsors.
(25) Trustees shall exercise due diligence as
under:
I. General Due Diligence:
(i) The Trustees shall be discerning in the
appointment of the Directors on the
Board of the UTI AMC.
(ii) Trustees shall review the desirability or
continuance of the UTI AMC if
substantial irregularities are observed in
any of the schemes and shall not allow
the UTI AMC to float new schemes.
(iii) The Trustee shall ensure that the trust

property is properly protected, held and
administered by proper persons and by a
proper number of such persons.
(iv) The Trustee shall ensure that all Service
Providers are holding appropriate
registrations from SEBI or concerned
regulatory authority.
(v) The Trustees shall arrange for test checks
of service contracts.
(vi) Trustees shall immediately report to
SEBI of any special developments in the
Mutual Fund.
II. Specific Due Diligence:
The Trustees shall:
(i) obtain internal audit reports at regular
intervals from Independent Auditors
appointed by the Trustees.
(ii) obtain compliance certificates at regular
intervals from UTI AMC.
(iii) hold meeting of Trustees more
frequently.
(iv) consider the reports of the Independent
Auditor and compliance reports of UTI
AMC at the meetings of Trustees for
appropriate action.
(v) maintain records of the decisions of the
Trustees at their meetings and of the
minutes of the meetings.
(vi) prescribe and adhere to a code of ethics
by the Trustees, UTI AMC and its
personnel.
(vii) communicate in writing to UTI AMC of
the deficiencies and checking on the
rectification of deficiencies.
(26) Notwithstanding anything contained in
clauses (1) to (25), the Trustees shall not be
held liable for acts done in good faith if they
have exercised adequate due diligence
honestly.
(27) The Independent Directors of the Trustees or
UTI AMC shall pay specific attention to the
following, as may be applicable, namely:-
(i) the Investment Management Agreement
and the compensation paid under the
agreement.
(ii) service contracts with associates -
whether UTI AMC has charged higher
fees than outside contractors for the
same services.
(iii) selection of UTI AMC's Independent
Directors
(iv) securities transactions involving
associates to the extent such transactions
are permitted.
(v) selecting and nominating individuals to
fill Independent Directors’ vacancies.
8
UTI MF SAI (31.3.22)
(vi) code of ethics must be designed to
prevent fraudulent, deceptive or
manipulative practices by insiders in
connection with personal securities
transactions.
(vii) the reasonableness of fees paid to
sponsors, UTI AMC and any others for
services provided.
(viii)principal underwriting contracts and
their renewals,
(ix) any service contract with the associates
of UTI AMC.
(28) In carrying out their responsibilities, each
member of the Board of Directors of Trustee
Company shall maintain arms' length
relationship with other companies, or
institutions or financial intermediaries or any
body corporate with which he/she may be
associated in any capacity.
(29) No Trustee shall participate in the meetings
of the Board of Directors of the Trustee
Company or in any decision making process
for any investment in which he may be
deemed to be interested.
(30) All Members of the Board of Directors of the
Trustee Company shall furnish to SEBI and
Trustee Company the interest which they
may have in any other company, or
institution or financial intermediary or any
body corporate by virtue of his position as
Director, Partner or with which he may be
associated in any other capacity.
(31) The Trustee shall at no time acquire any
asset out of the Trust Property, which
involves the assumption of any liability
which is unlimited or results in encumbrance
of the Trust Property in any way, except to
the extent permitted by the SEBI
Regulations.
(32) Except with the prior approval of the Trustee
and SEBI in writing, the Mutual Fund shall
not make or grant loans or guarantee loans
nor shall they carry out at any time any
activity in contravention of the SEBI
Regulations.
Any addition/modification/deletion in the
duties and responsibilities of the Trustee due
to a change in the SEBI Regulations shall be
applicable accordingly.
c) Modifications, Amendments, etc. to the
Trust Deed
The Sponsors and the Trustee shall be
entitled, by a deed supplemental to the Trust
Deed, to modify or alter the provisions of the

Trust Deed, in such manner and to such
extent as they may consider in the interest of
and for the purpose of the Trust, but subject
to the approval of SEBI, and unitholders, if
required.
d) Meetings
As per the Trust Deed, the Board of
Directors of the Trustee Company shall,
subject to the requirements under the
Regulations, meet at least once every two
months and at least six such meetings shall
be held every year. The Trustees shall review
the information/reports submitted by UTI
AMC in accordance with the SEBI (MFs)
Regulations.
e) Trusteeship Fees
As per the Trust Deed, the Trustee shall be
paid a fee calculated on such basis and at
such intervals as set out in the
prospectus/Scheme Information Document
(SID) of the Scheme(s) framed for the issue
of units or as agreed between the parties.
During the period April 2021 to March 2022,
Seven meetings of the Directors of the UTI
Trustee Company Private Limited were held.
Trustees review the operations of the fund
house based on the periodical reports
submitted to them during their Board
meeting, reports submitted by Internal
Auditors, as part of their supervisory role.
The Audit Committee and Board of Trustees
also conduct a review of the half-yearly and
annual accounts of the schemes. Audit
Committee of the Trustees discusses the
matters arising from the half-yearly and
annual accounts of the schemes with the
Statutory Auditors of the Fund.
D. Asset Management Company (AMC)
a) UTI Asset Management Company Private
Limited (UTI AMC) was incorporated under
the Companies Act, 1956 on November 14,
2002. Subsequently, the status was changed
to a Public Limited Company and the name
of the Company was accordingly changed to
UTI Asset Management Company Ltd by a
Special Resolution passed at the Annual
General Meeting on September 18, 2007. A
fresh certificate of incorporation, consequent
to the change of the name, was granted on
November 14, 2007 by the Registrar of
Companies, Maharashtra, Mumbai. UTI
AMC was approved by SEBI to act as the
Asset Management Company for UTI
Mutual Fund vide their letter no.
9
UTI MF SAI (31.3.22)
MF/BC/PKN/03 dated January 14, 2003.
UTI AMC has been appointed as the Asset
Management Company of the UTI Mutual
Fund by the Investment Management
Agreement (IMA) dated December 9, 2002
executed between UTI Trustee Company
Private Limited and UTI AMC. The
Registered Office of the Company is at UTI
Tower, Gn Block, Bandra - Kurla Complex,
Bandra (East) Mumbai - 400 051.
UTI AMC will manage the schemes of the
UTI Mutual Fund in accordance with the
provisions of the Investment Management
Agreement, the Trust Deed, the SEBI
(Mutual Funds) Regulations and the
objectives of the scheme.
b) The Total paid up share capital of UTI AMC
is Rs.126.79 crores. With effect from January
20 2010, the sponsors viz., State Bank of
India, Bank of Baroda, Punjab National Bank
and Life Insurance Corporation of India,
which are also the shareholders of UTI
AMC, have sold 26% of their respective
share holdings in UTI AMC in equal
proportion to T, Rowe Price International Ltd
(formerly known as T. Rowe Price Global
Investment Services Limited), UK (TRP), a
wholly owned subsidiary of T Rowe Price
Group, Inc, as a strategic investor. T.Rowe
Price Group, Inc. is a NASDAQ listed
company, founded in 1937 the Baltimore,
USA based T.Rowe Price Group, Inc.
(www.troweprice.com) is a global
investment management organization. As of
March 31, 2022, T Rowe Price International
Ltd managed approximately $ 247.4
billion on a discretionary basis and
approximately $ 0.5 billion on a non-
discretionary basis for its clients. In
September 2014 & February 2015, shares
were allotted to employees under the
Employee Stock Option Scheme (ESOP
Scheme). After the allotment under ESOP
Scheme, the sponsors/shareholders, in equal
proportion, hold in the aggregate 72.96% and
TRP holds 26% of the equity share capital of
UTI AMC.
In October 2020, UTI AMC Ltd offered its equity
shares under Initial Public Offer (IPO) and listed the
same on National Stock Exchange (NSE) and
Bombay Stock Exchange (BSE) on October 12,
2020. After the IPO allotment, the shareholding of
Sponsors and T. Rowe Price International Ltd is as
follows.

% of paid
up equity
share
Particulars capital
State Bank Of India 9.99
Life Insurance Corporation Of India 9.99
Bank Of Baroda 9.99
Punjab National Bank 15.24
T. Rowe Price International Limited 23.00
Other shareholders 31.79
The organization provides a broad array of
mutual funds, sub-advisory services, and
separate account management for financial
intermediaries, individual and institutional
investors, and retirement plans.
UTI AMC has entered into a service
agreement with the Administrator of the
Specified Undertaking of Unit Trust of India
to provide back office support for business
processes excluding fund management.
UTI AMC has been registered as a Portfolio
Manager under the SEBI (Portfolio
Managers) Regulations, 1993, on February 3,
2004, for undertaking portfolio management
services. The registration code is PM/INP
000000860.
10
UTI MF SAI (31.3.22)
UTI International Limited, a 100 %
subsidiary of UTI AMC, registered in
Guernsey, Channel Islands, acts as Manager
to Offshore Funds and markets these
Offshore Funds abroad.
UTI Venture Funds Management Company
Limited, a 100 % subsidiary of UTI AMC,
acts as a venture capital manager to venture
capital schemes.
UTI Retirement Solutions Limited, a 100%
subsidiary of UTI AMC, acts as a Pension
Fund Manager under PFRDA Regulations.
UTI Capital Private Limited, a 100%
subsidiary of UTI AMC acts as a Fund
Manager to private equity business and other
alternate asset funds.
UTI AMC is providing services as a Point of
Presence (PoP) for NPS under the PFRDA
Regulations
Necessary systems are in place to ensure that
bank and securities accounts are segregated
amongst various activities and that there is
no conflict of interest.
UTI AMC is not undertaking any other
business activities other than those
mentioned above.
 UTI MF SAI (31.3.22)
c) Details of AMC Directors as on 31st March 2022:

Name Age / Qualification Brief Experience Other Directorships

Mr. Dinesh 68 years / B.Sc. He is the Non-Executive a. V L S Finance
Kumar (Honours) from Chairman and Independent Limited
Mehrotra University of Patna. Director of the Company. He b. SBI Cards and
has previously served as the Payment Services
chairman and the managing Limited
director of LIC. He has also c. Tata AIA Life
served as the executive director Insurance Company
of international operations at Limited
LIC. He was appointed as an d. Vardan Ceqube
Independent Director of our Advisors Private
Company with effect from Limited
August 23, 2017. e. Computer Age
Management
Services Limited
f. National Pension
System Trust -
Trustee
Mr. Deepak 68 years / B.Sc. He is an Independent Director of a. Mylead Fintech
Kumar (Honours) degree in the Company. Prior to joining Private Limited;
Chatterjee Physics, M.Sc. in the Company, he was associated and
Agricultural Physics, with SBI Funds Management
b.V L S Finance
MBA and Certified Private Limited as the managing
Limited.
associate of the director and chief executive
Indian Institute of officer and SBI Capital Markets
Bankers Limited as an Executive Vice
President . He was also
associated with IIFCL Projects
Limited as its Chief Executive
Officer and IIFCL Asset
Management Company Limited
as a director. He was appointed
as an Independent Director of
our Company with effect from
September 25, 2018.
Ms. Dipali H 56 years / B.A. She is an Independent Director a. Centrum
Sheth (Honours) in of the Company. Prior to joining Financial
Economics, and is an the Company, she was Services
accredited Coach associated with RBS Business Limited
from ICF and Gallup, Services Private Limited as a b. DFM Foods
USA. country head of human Limited
resources, Standard Chartered c. Adani
Bank, Procter & Gamble Wilmar
Distribution Company Limited Limited;
and DCM Limited. She was
d. Latent View
appointed as an Independent
Director of our Company with Analytics
effect from December 16, 2019. Limited; and
e. Bharat FIH
Limited.
Mr. Edward 66 years/ B.A. degree He is a Non-Executive Director LPL Financial Inc.
Cage Bernard in Religious Studies of the Company. Prior to joining (LPLA)
* from Brown the Company, he was associated

11
 UTI MF SAI (31.3.22)
University and an with the TRP group as a vice
MBA in finance chairman, T Rowe Price Group
from New York Inc as a director on the board
University Leonard and as a member of the firm’s
N. Stern School of Management Committee.
Business Currently, he is also associated
with T Rowe Price Group Inc as
a senior advisor. He was
appointed as a Non-Executive
Director of our Company with
effect from August 22, 2019.
Mr. Flemming 56 years He is a Non-Executive Director UTI Capital Private
Madsen * of the Company. He is Head of Limited
Global Financial Intermediaries
at T. Rowe Price. He is a vice
president of T. Rowe Price
Group, Inc., T. Rowe Price
International Ltd and member of
the EMEA Distribution
Executive Committee. He has
been associated with T. Rowe
Price for 22 years. His total 38
years’ experience in the
financial industry includes
capital markets transactions,
investment banking, and asset
management. He was appointed
as a Non-Executive Director of
the Company with effect from
January 20, 2010.
Mr. Imtaiyazur 58 years / He is a He is theChief Executive a. Indian Oiltanking
Rahman Science Graduate , Officer and Whole-time Ltd.
Fellow of Institute of Director of ther Company. He b. UTI International
Cost Accountants of has over 32 years of experience (Singapore) Pte
India, Fellow in management, business Ltd.
Member of Institute leadership, leading change and c. UTI International
of Company forming strategic alliances. He Ltd. Guernsey
Secretaries of India, joined the UTI Group in 1998 as d. UTI Capital Private
Certified Public part of UTI Investor Technology Limited
Accountant (USA) Services Ltd. and joined UTI e. UTI Venture Funds
and GAMP (ISB- AMC Ltd. in 2003. He was also Management Co.
Kellog), has been the CFO of the company from Pvt Ltd.
also conferred a 2005. In his role as Group f. UTI Retirement
Honorary doctorate President & Chief Finance Solutions Limited
degree, D.Litt, by the Officer, he headed the functions g. UTI India Fund
ITM University, of Finance, Accounts, Taxation, h. UTI Pharma Fund
Raipur. Information Technology and i. UTI Rainbow Fund
Board related matters Offshore
funds, Alternate Investments
and Portfolio Management
Services.
He is a member of the CII
National Committee on
Financial Markets as well as the
Banking & Finance Committee

12
 UTI MF SAI (31.3.22)
of IMC Chamber of Commerce
& Industry. He was on the
Board of Association of Mutual
Funds in India (AMFI) and is
presently a permanent invitee to
the AMFI Board Meetings.

Prior to joining the Company,

he was associated with Sumeet
Machines Ltd, Leasing Finance
India Ltd, Bells Controls Ltd,
New India Rubber Works (P)
Ltd. and S. Gupta & Co.
Ms. Jayashree 52 years / B.E. in She is an Independent Director Indigrid
Vaidhyanathan Computer Science of the Company. She currently Investment
Engineering, MBA serves as a Co-Founder and Managers Limited
degree from Cornell CEO of BCT Digital, a
University and technology company
Chartered Financial specialising in AI and Predictive
Analyst from the analytics. Prior toBCT, she was
Association for associated with Scope
Investment International Private Limited as
Management and head of technology and
Research Strategy and served as a partner
with Accenture Services Private
Limited. She has also served as
an Independent Director in
Altran, a $3.2 Billion Global
Engineering and Innovation
consulting firm and Mahindra
Sanyo Steel.She was appointed
as an Independent Director of
our Company with effect from
December 16, 2019.
Mr. 68 years / M. Com. He is an Independent Director of a. IDFC First Bharat
Narasimhan degree from the Company. He has four Limited
Seshadri Bangalore decades of experience in the b. UTI Capital Private
University, Masters banking industry, having served Limited.
in Divya Prabandam two major public sector banks
MA (DP) from Sastra viz Canara Bank and Bank of
University, MBA in India. Prior to joining the
Banking and Finance Company, he was a Director
and Certified on the board of NPCI and a
associate of the whole-time Executive Director
Indian Institute of on the Board of Bank of India..
Bankers He was appointed as an
Independent Director of our
Company with effect from
August 23, 2017.
Mr. Rajeev 58years / B.Tech. in He is an Independent Director of a.Eurobank
Kakar Mechanical the Company. He currently Ergasias S.A.,
Engineering from serves on the boards - of various Greece
Indian Institute of banks and financial institutions b.Gulf
Technology and a such as, Eurobank Ergasias SA International Bank,

13
 UTI MF SAI (31.3.22)
Post Graduate (Greece), Gulf International Bahrain
Diploma in Bank (GIB Bahrain), Gulf c. Gulf International
Management from International Bank (GIB Saudi Bank, Kingdom of
Indian Institute of Arabia) and Commercial Saudi Arabia
Management, International Bank (Egypt). He d.Commercial
Ahmedabad started his career in 1988 at International Bank
Citibank NA where he worked (CIB), Egypt
for 18 years and in his last role
he was the managing director
and division head for Turkey,
Middle East and Africa region.
In 2006, he moved to become
the Global co-founder of
Fullerton Financial Holdings
Pte. Ltd., headquartered in
Singapore (a wholly owned
subsidiary of Temasek Holdings
Pte. Ltd., Singapore) where he
served for 11 years in various
roles including serving on its
Global Management Board, as
its executive vice president,
head of consumer banking and
head of Central and Eastern
Europe, Middle East and Africa
region. Simultaneously, he also
was the founder of Dunia
Finance LLC in UAE, where he
operated as its managing
director and chief executive
officer. He was appointed as an
Independent Director of our
Company with effect from
December 16, 2019.
Mr. Sanjay 56 years / Master’s in He is a Non-Executive Director a. Bhadra
Varshneya* $ science specialising of the Company. He is currently International
in Physics and he is a the General Manager Treasury (India) Private
CAIIB. Division at Punjab National
Limited; and
Bank and has been working with
the Bank for the last 20 years. b. Swift India
He has a rich experience in the Domestic Services
treasury operations of over 12 Private Limited.
years. In his earlier roles at the
Bank, he was leading as Branch
Head and Circle Head. He has
over 31 years of work
experience in banking industry.
He was appointed as a Non-
Executive Director of our
Company with effect from 29th
July, 2021.

* Associate Directors
$ Appointed with effect from July 29, 2021

14

d) Duties and obligations of UTI AMC
Under the SEBI (Mutual Funds)
Regulations, 1996, and the IMA executed in
accordance with the Regulations, the Asset
Management Company has the following
obligations:
1. To take all reasonable steps and exercise due
diligence to ensure that the investment of
funds pertaining to any scheme is not
contrary to the provisions of SEBI (Mutual
Fund) Regulations, 1996 and the Trust Deed.
2. To exercise due diligence and care in all its
investment decisions as would be exercised
by other persons engaged in the same
business.
2A. To obtain, wherever required, under SEBI
(MF) Regulations, 1996, prior in-principle
approval from the recognized stock
exchange(s) where units are proposed to be 6B. (a) The Fund Managers (whatever be the
listed.
3. To be responsible for the acts of
commissions or omissions by its employees
or the persons whose services UTI AMC has (b) The Fund Managers (whatever be the
procured.
4. To submit to the Trustees quarterly reports
of each year on its activities and the
compliance with SEBI (Mutual Fund)
Regulations.
5. The Trustees at the request of UTI AMC
may terminate the assignment of UTI AMC
at any time:
Provided that such termination shall become
effective only after the Trustees have
accepted the termination of assignment and
communicated their decision in writing to
UTI AMC.
6. Notwithstanding anything contained in any
contract or agreement or termination, UTI
AMC or its Directors or other officers shall
not be absolved of liability to the Mutual
Fund for their acts of commissions or
omissions, while holding such position or
office.
6A. (a) The Chief Executive Officer (whatever be
the designation ) of UTI AMC shall ensure
that the mutual fund complies with all the
provisions of SEBI (MF) Regulations, 1996
and the guidelines or circulars issued in
relation thereto from time to time and that
the investments made by the fund managers
are in the interest of the unit holders and
15
UTI MF SAI (31.3.22)
shall also be responsible for the overall risk
management function of the mutual fund.
(b) Chief Executive Officer (whatever be the
designation) shall also ensure that the Asset
Management Company has adequate
systems in place to ensure that the Code of
Conduct for Fund Managers and Dealers
specified in PART - B of the Fifth Schedule
of the regulations are adhered to in letter and
spirit. Any breach of the said Code of
Conduct shall be brought to the attention of
the Board of Directors of the Asset
Management Company and Trustees.
Explanation.—For the purpose of this sub-
regulation, the words “these regulations” shall
mean and include the Securities and
Exchange Board of India (Mutual Funds)
Regulations, 1996 as amended from time to
time.
designation ) shall ensure that the funds of
the schemes are invested to achieve the
objectives of the scheme and in the interest
of the unit holders.
designation) shall abide by the Code of
Conduct for Fund Managers and Dealers
specified in PART - B of the Fifth Schedule
of Securities and Exchange Board of India
(Mutual Funds) Regulations, 1996 and
submit a quarterly self-certification to the
Trustees that they have complied with the
said code of conduct or list exceptions, if
any.
Explanation:- For the purposes of this sub-
regulation, the phrase “Fund Managers”
shall include Chief Investment Officer
(whatever be the designation).
(6C) (a) The Dealers (whatever be the
designation) shall ensure that orders are
executed on the best available terms, taking
into account the relevant market at the time
for transactions of the kind and size
concerned to achieve the objectives of the
scheme and in the best interest of all the unit
holders.
(b) The Dealers (whatever be the designation)
shall abide by the Code of Conduct for Fund
Managers and Dealers specified in PART - B
of the Fifth Schedule of the Securities and
Exchange Board of India (Mutual Funds)
Regulations, 1996 and submit a quarterly
selfcertification to the Trustees that they have
complied with the said code of conduct or list
exceptions, if any.

7. a) UTI AMC shall not through any broker
associated with the Sponsors, purchase or
sell securities, which is average of 5% or
more of the aggregate purchases and sale of
securities made by the Mutual Fund in all its
schemes.
Provided that for the purpose of this sub-
regulation, aggregate purchase and sale of
securities shall exclude sale and distribution 9.
of units issued by the Mutual Fund.
Provided further that the aforesaid limit of
5% shall apply for a block of any three
months.
10.
b) UTI AMC shall not purchase or sell
securities through any broker [other than a
broker referred to in clause (a) of sub-
regulation (7)] which is average of 5 % or
more of the aggregate purchases and sale of 11.
securities made by the Mutual Fund in all its
schemes, unless UTI AMC has recorded in
writing the justification for exceeding the
limit of 5% and reports of all such
investments are sent to the Trustees on a
quarterly basis.
Provided that the aforesaid limit shall apply
for a block of three months.
8. Not to utilise the services of the Sponsors or
any of its associates, employees or their
relatives, for the purpose of any securities
transaction and distribution and sale of 12.
securities:
Provided that UTI AMC may utilise such
services if disclosure to that effect is made to
the unit holders and the brokerage or
commission paid is also disclosed in the half
yearly annual accounts of the Mutual Fund.
Provided further that the mutual funds shall
disclose at the time of declaring half-yearly
and yearly results:
(i) any underwriting obligations
undertakn by the schemes of mutual
funds with respect to issue of
securities managed by associate
companies, 13.
(ii) devolvement, if any,
16
UTI MF SAI (31.3.22)
(iii) subscription by the schemes in the
issues lead managed by associate
companies,
(iv) subscription to any issue of equity or
debt on private placement basis
where the sponsor or its associate
companies have acted as arranger or
manager.
To file with the Trustees the details of
transactions in securities by the Key
Personnel of UTI AMC in their own name or
on behalf of UTI AMC and to also report to
the SEBI, as and when required by the SEBI.
In case UTI AMC enters into any securities
transactions with any of its associates, a
report to that effect to be sent to the Trustees
at its next meeting.
In case, any company has invested more than
5 percent of the net asset value of a scheme,
the investment made by that scheme or by
any other scheme of the same Mutual Fund
in that company or its subsidiaries to be
brought to the notice of the Trustees by UTI
AMC and to be disclosed in the half yearly
and annual accounts of the respective
schemes with justification for such
investment. Provided that the latter
investment has been made within 1 year of
the date of the former investment calculated
on either side.
To file with the Trustees and the SEBI -
a) Detailed bio-data of all its Directors along
with their interest in other companies
within fifteen days of their appointment;
and
b) Any change in the interests of the
Directors every six months.
c) quarterly report to the Trustees giving
details and adequate justification about the
purchase and sale of the securities of the
group companies of the sponsors or UTI
AMC, as the case may be, by the Mutual
Fund during the said quarter.
Each Director of UTI AMC shall file the
details of his transactions of dealing in
securities with the Trustees on a quarterly

basis in accordance with the guidelines
issued by SEBI. 18.
14. Not to appoint any person as key personnel
who has been found guilty of any economic
offence or involved in violation of securities
laws.
15. To appoint registrars and share transfer agents
who are registered with the SEBI.
Provided if the work relating to the transfer
of units is processed in-house, the charges at 20. The asset management company and the
competitive market rates may be debited to
the scheme and for rates higher than the
competitive market rates, prior approval of
the Trustees shall be obtained and reasons of
charging higher rates shall be disclosed in
the annual accounts.
16. To abide by the Code of Conduct as
specified in PART-A of the Fifth Schedule
of the SEBI Regulations.
(16A) W.e.f. April 29 2022, the asset management
company shall invest such amounts in such
schemes of the mutual fund, based on the
risks associated with the schemes, as may be
specified by the Board from time to time.
17. Not to invest in any of its scheme, unless full
disclosure of its intention to invest has been
made in the offer documents, in case of
schemes launched after the notification of
Securities and Exchange Board of India
(Mutual Funds) (Amendment) Regulations, e)
2011:
Provided that an asset management company
shall not be entitled to charge any fee on its
investment in that scheme.
17
UTI MF SAI (31.3.22)
Not to carry out its operations including
trading desk, unit holder servicing and
investment operations outside the territory of
India:
19. To compute and carry out valuation of
investments made by its scheme(s) in
accordance with the investment valuation
norms specified in Eighth Schedule and shall
publish the same.
sponsor of the mutual fund shall be liable to
compensate the affected investors and/or the
scheme for any unfair treatment to any
investor as a result of inappropriate
valuation.
21. To report and disclose all the transactions in
debt and money market securities, including
inter scheme transfers, as may be specified
by the SEBI.
The appointment of UTI AMC can be
terminated by a majority of the Trustees or
by seventy five percent of unitholders of the
scheme.
However, any addition/modification/
deletion in the duties and responsibilities of
UTI AMC due to a change in the SEBI
Regulations shall be applicable accordingly.
AMC Fees
The asset management company may charge
the scheme with investment and advisory
fees which shall be fully disclosed in the
offer document.
 UTI MF SAI (31.3.22)
Information of Key Personnel of UTI AMC

Sr. Name and Designation of Age (in yrs) Brief Experience

No. the Key Personnel Qualifications
1. Mr. Imtaiyazur Rahman 58 He has more than 30 years of experience in
Whole Time Director & B.Sc, FICS, management, business leadership, leading change
Chief Executive Officer FCWA, CPA, and forming strategic alliances. He joined the
Post Graduate UTI Group in 1998 as part of UTI Investor
Diploma In Technology Services Ltd. and joined UTI AMC
Computer Ltd. in 2003. He was also the CFO of the
Application and company from 2005. In his role as Group
GAMP (ISB- President & Chief Finance Officer, he headed the
Kellogg). functions of Finance, Accounts, Taxation,
Information Technology, Board related matters
Offshore funds, Alternate Investments and
Portfolio Management Services.
Mr. Rahman is on the Board of UTI International
(Singapore), UTI International Ltd. Guernsey,
UTI Venture Funds Management Co. Pvt. Ltd.,
UTI Capital Ltd., UTI Retirement Solutions Ltd
and Indian Oil Tanking Limited. He is a member
of the CII National Committee on Financial
Markets as well as the Banking & Finance
Committee of IMC Chamber of Commerce &
Industry. He was on the Board of Association of
Mutual Funds in India (AMF) and is presently a
permanent invitee to the AMFI Board Meetings.
Prior to joining our company, he was associated
with Sumeet Machines Ltd, Leasing Finance
India Ltd, Bells Controls Ltd, New India Rubber
Works (P) Ltd. and S. Gupta & Co.
2. Mr. Vetri Subramaniam 51
Mr. Vetri Subramaniam joined UTI AMC Ltd. as
Chief Investment Officer B.Com, PGDM
Group President & Head-Equity on January 23,
2017. Prior to joining our Company, he was
associated with Invesco Asset Management
Private Limited, Motilal Oswal Securities
Limited, Kotak Mahindra Asset Management
Company Limited, SSKI Investor Service Private
Limited and Kotak Mahindra Finance Limited..
3. Mr. Amandeep Singh Chopra 51
He has been with UTI/UTI AMC since 1994
Group President & Head – B.Sc, MBA
beginning with Investment Research and then
Fixed Income
moving into the area of Fund Management. Prior
to this, he had experience of 2 years of working
with Aaina Exports Ltd and Stenay Ltd before
completing his MBA and joining UTI AMC. He
serves on the Executive Investment Committee
(EIC), Valuation Committee and the
Management Committee of UTI AMC Ltd. He is
also a member of the Valuation Committee of the
Association of Mutual Funds in India (AMFI).
4. Mr. Indranil Choudhury 45 He joined our Company as President and Head
President and B.Com (Hons), Human Resources with effect from December 16,
Head – Human Resources PGDBM (HRM) 2019. Prior to joining UTI AMC, he was

18
 UTI MF SAI (31.3.22)
associated with HDFC Life Insurance Company
Limited and Shoppers Stop Limited.
5. Mr Surojit Saha 56 He joined Erstwhile UTI on December 5, 1990
Senior Executive Vice B. Com (Hons), and was subsequently transferred to UTI AMC
President & Chief Financial M.Com, ICWA with effect from January 15, 2003. Prior to
Officer joining Erstwhile UTI, he was associated with
National Insurance Company Limited.
6. Mr. Ajay Tyagi, CFA 44 He joined Erstwhile UTI in 2000 and was
Senior Executive Vice Masters in subsequently transferred to UTI AMC with effect
President & Head - Equity Finance, CFA from January 15, 2003. He is also an Investment
Charterholder Advisor to a few India dedicated offshore funds.
Prior to being designated as a Head – Equity, he
has worked as a Fund Manager and an Assistant
Fund Manager in the Offshore and domestic
Funds division.
7. Mr. Vinay Lakhotia 45 He joined Erstwhile UTI on July 15, 1999 and
Senior Executive Vice B. Com (Hons), was subsequently transferred to UTI AMC with
President and Head - CA, CFA effect from January 15, 2003.
Operations
8. Mr. Arvind Patkar 37 He joined UTI AMC with effect from April 2,
Senior Vice President & B.Com, LLB, CS 2008.
Company Secretary
9. Mr. Vivek Maheshwari 49 CA, FRM, He joined Erstwhile UTI in 1994 and was
Senior Executive Vice CAIIB-I, subsequently transferred to UTI AMC with effect
President Head –& Certificate from January 15, 2003.
Chief Risk Officer Examination of
IIB for the
Employees of
UTI.
10. Mr Sandeep Vivek Samsi, 47 He joined erstwhile UTI on June 1, 2001 and was
Executive Vice President, B.Sc., M.Sc subsequently transferred to UTI AMC with effect
Executive Assistant to (Zoology), MMS from January 15, 2003. Prior to joining erstwhile
Chief Executive Officer, UTI, he was associated with Kandla Flooring and
Head of Corporate Fabrics Private Limited
Strategy & Communications
Marketing &
Investor Relations

11. Mr Vivek Kumar 57, He joined Erstwhile UTI in 1995 and was
BSC, LLB, subsequently transferred to UTI AMC with effect
Executive Vice President &
DUGA & LLM from January 15, 2003.
Head – Legal
Prior to joining Erstwhile UTI, he was associated
with National Small Industries Corporation.
12. Mr Mani Kant Chaudhary, 55, He joined Erstwhile UTI in 2000 and was
Executive Vice President & B.Com , ICWA, subsequently transferred to UTI AMC with effect
Head – Internal Audit CA from January 15, 2003. Prior to joining Erstwhile
UTI, he was associated with Ranchi Cospa India
Pvt Ltd.
13. Ms. Swati A Kulkarni, CFA 57 She has been with UTI/UTI AMC for over 30
EVP & Fund Manager - B Com, years. She has been a Fund Manager since June
Equity MFM (NMIMS), 2004. Prior experience includes Fund
CFA, CAIIB-I, Management of Equity, Balanced and Offshore
Certificate Equity Funds, Macro Research, Quantitative

19

14. Mr. V Srivatsa
EVP & Fund Manager –
Equity & broad based
Offshore Funds
15. Mr. Rajnish Kumar
Executive Vice President
– Head Dealing
16. Mr. Manish Joshi
EVP & Fund Manager – PMS
17. Mr. Sudhir Agrawal
EVP & Fund Manager –
Fixed Income
18. Mr. Sunil Patil
EVP & Fund Manager –
Fixed Income
19. Mr. Sachin D Trivedi
Sr. Vice President - Fund
Manager – Equity & Head –
Securities Research (Equity)
20. Mr. Amit K Premchandani
SVP & Fund Manager –
Equity
UTI MF SAI (31.3.22)
Examination of Analysis and Corporate Financial Planning. Her
IIB for the previous assignment was with Reliance Industries
Employees of UTI Ltd in the Financial Planning Cell.
47 He has joined Erstwhile UTI in 2002 and was
B.Com, subsequently transferred to UTI AMC with effect
CA, ICWA, from January 15, 2003. Prior to joining UTI
PGDM. AMC, he has worked with Ford, Rhodes Parks &
Co., Chartered Accountants for 3 years and as
Officer-Audit in Madras Cements Ltd. He
started in UTI AMC in the Department of
securities research covering varied sectors such
as Information Technology, Capital goods and
metals. He was promoted as fund manager
offshore in December 2005 after a three years
stint in the DOSR. He was given additional
responsibilities of equity portion of hybrid funds
in October 2009. He reports to the Head - Equity.
50 He Joined erstwhile UTI in 1997 and was
BA Hons– subsequently transferred to UTI AMC with effect
Economics MA– from January 15, 2003.. He has 24 years of
Economics experience in the Mutual Fund domain with
MBA– Finance extensive exposure in sales promotion ,
marketing & product verticals under the overall
ambit of Business Development & Marketing .
52 He joined Erstwhile UTI in 1997 and was
M.Sc (Physics), subsequently transferred to UTI AMC with effect
MFM from January 15, 2003. He has over 25 years of
experience. He has worked in the areas of
International Finance, Dealing and Fund
Management - Fixed Income. Since July 2015, he
is part of PMS division as Fund Manager.
39 Mr. Sudhir Agrawal joined UTI AMC in 2009
CFA, PGDBA- after 4 years of experience. He has previously
Finance, M.Com worked with CARE (Credit Analysis and
Research Ltd.), Transparent Value LLC and Tata
Asset Management Company Ltd in different
roles.
54 He joined Erstwhile UTI in October 1989 and
M.Com, MFM, was subsequently transferred to UTI AMC with
CAIIB-I, effect from January 15, 2003. He has overall 31
Certificate years of experience in Primary Market
Examination of Investment / Dealing and Fund Management.
IIB for the
Employees of UTI
43 He began his career in Erstwhile UTI in June
B.Com, MMS, 2001 and was subsequently transferred to UTI
CFA AMC with effect from January 15, 2003. He has
more than 15 years of experience in research and
portfolio management.
43 He joined UTI AMC in 2009 as Senior Research
B.Com, CA, Analyst. He has over 17 years of experience.
CFA, PGDM Prior to joining UTI, he has worked in Deutsche
Equities India, JP Morgan and Peerless General
Finance & Investment. In UTI he has been
20
 UTI MF SAI (31.3.22)
associated with Dept. of Securities Research &
Dept. of Fund Management for more than 13
years.
21. Mr. Ankit Agarwal 38 years He joined UTI AMC in August 2019 as Fund
Senior Vice President - B.Tech, PGDM Manager - Equity with Dept. of Fund
Equity Management. He has more than 14 years of
experience. Prior to joining UTI, he has worked
with Centrum Broking Ltd., Barclays Securities
Pvt Ltd, D.E. Shaw India Software Pvt Ltd.
22. Mr. Ritesh Nambiar 39 He joined UTI AMC in 2008. Prior to joining
SVP & Fund Manager – BMS (Fin), CFA, UTI, he has 4 years of experience in CRISIL and
Fixed Income FRM & MMS TransMarket Group Research. In UTI AMC, he
(Finance) has worked in Department of Securities Research
and is presently in Department of Fund
Management – Debt.
23. Mr. Sanjay Kumar 56 He joined Erstwhile UTI in March 1992 and was
SVP & Dealer (Equity) M. Com., ICWA, subsequently transferred to UTI AMC with effect
MBA, CAIIB-I, from January 15, 2003. He has worked in the
Certificate areas of Equity Dealing, Operations and
Examination of Marketing.
IIB for the
Employees of
UTI.
Mr. J Praveen 52 He joined Erstwhile UTI in June 1991 and was
24. SVP & Dealer (Equity) B.Com, MFM subsequently transferred to UTI AMC with effect
(Welingkar Inst. from January 15, 2003 and has worked in areas of
of Mgt Devl & Equity Dealing, Accounts and Operations.
Research),
CAIIB-I, Cert. of
Examination of
IIB for the
Employees of
UTI.
25. Mr. Sunil Tawade 54 He joined Erstwhile UTI in 1990 and was
Sr. Vice President & Dealer B.Com, PGDBA, subsequently transferred to UTI AMC with effect
(Money Market) DMS, CAIIB-I, from January 15, 2003. Presently, he is working
Certificate in Department of Dealing. He has earlier worked
Examination of in Finance & Investments, Eastern Zonal Office,
IIB for the Dept. of Internal Audit & Dept.of Fund
Employees of Accounts.
UTI.
26. Mr. Amit Sharma 39 He joined UTI AMC in 2008. He has worked in
Sr. Vice President & Fund B.Com, CA, FRM Department of Fund Accounts. He has been
Manager – Fixed Income associated with the Dept. of Fund Management
for the past 6 years.
27. Mr. Sharwan Kumar Goyal 41 He began his career with UTI AMC in June 2006
VP and Fund Manager & B.Com, MMS, and has 15 years of overall experience in Risk /
Portfolio Analyst CFA Fund management. Presently he is working as
Equity Fund Manager.
28. Mr. Jaydeep Bhowal 38 He began his career with UTI AMC in November
VP & Dealer – Fixed Income B.Com, CA, 2009. He has more than 11 years of experience
PGDFM in UTI in various roles and currently working as
Dealer in Department of Fund Management –
Fixed Income.

21
 UTI MF SAI (31.3.22)
29. Mr. Vishal Chopda 38 Mr. Vishal Chopda joined UTI AMC in January
Vice President - Equity B.E, PGDM, CFA 2011. In UTI he has worked for the past 10 years
in Department of Fund Management as Research
Analyst. Presently he has been designated as
Fund Manager. He has previously worked with
CARE Ratings (Credit Analysis and Research
Ltd).
30. Mr. Kamal Gada 39, B.com, CA, Kamal joined UTI AMC in 2008 as Research
Senior Vice President - CS, CFA Analyst. Presently he has been designated as
Equity Fund Manager.He has over 13 years of
experience in Equity Research.He began his
career with BPCL as Senior Accounts Officer in
2004.
31. Mr. Ankit Chhajed 32 He began his career with UTI AMC in April
Sr. AVP & Dealer B.Com, CA 2012. He has almost 10 years of experience in
UTI AMC and has worked in Dept of AMC
Accounts. He is now been associated with Dept.
of Fund Management (Dealing).
32. Mr. Monish Lotia 34 He joined UTI AMC in March 2019. He has
Sr. AVP & Dealer – Equity B.Com, PGDM been associated with Dept. of Dealing since then.
(Finance) He has more than 15 years of experience. Prior to
joining UTI AMC he was working with IDFC
Securities Ltd. He had been associated with
Nirmal Bang Equities P. Ltd., Systematix Shares
& Brokers Ltd., Angel Broking & Wallfort
Financial Services Ltd. In the capacity of Equity/
Arbitrage / Derivaties Dealer.
33. Mr. Siddamurthy Raghunath 58 - BSC,MSC, He has been appointed as Advisor as on 1st June
Reddy**, DAST & MBA 2022 and will exercise the powers of Head -
Advisor - Information Certifications: Information Technology & Digital Marketing. He
Technology & Digital Certified has total work experience of 35 years.
Marketing Information
Security Manager
(CISM), Certified
in the Governance
of Enterprise IT
(CGEIT) from
ISACA,
Oracle Certified
Professional from
Oracle.
34. Mr Sanjivan Shirke 56 - He joined UTI in 1992 and was subsequently
Senior Vice President - IT B.Com,M.Com,I transferred to UTI AMC with effect from January
DCPA,PGCCA,M 15, 2003. He is Certified Ethical Hacker from
FM EC-Council, USA and also completed ISO –
27001:2013 certification. He has a total work
experience of 34 Years in Information
Technology.
35. Mr. Peshotan Dastoor Mr. Dastoor has over 27 years of experience in
47, the financial services sector. Before joining UTI
AMC he led the Sales of Retail and Institutional
Group President & B.Com, M.Com, Business of Franklin Templeton Asset
Head – Sales PGDBM Management India Pvt. Ltd. Prior to that, he
spent 12 years in various positions in Private

22
 UTI MF SAI (31.3.22)
Banking Group at ING Bank and also served the
Institutional Sales business at ING Investment
Management India Pvt. Ltd as its head.
36. Mr. Anurag Mittal 39, Mr. Anurag Mittal has joined UTI AMC Ltd as
Executive Vice President & Deputy Head – Fixed
Executive Vice President & B. Com (Hons), Income with effect from October 25, 2021. He
Deputy Head of Fixed Chartered has 15 years of experience in the field of Fund
Income Accountant, MSc Management, Dealing and Research. He
in Accounting & previously held the position of Senior Fund
Finance, LSE, UK Manager with IDFC Asset Management Co Ltd.
Prior to joining IDFC AMC, Mr. Mittal was
associated with HDFC Asset Management
Company Ltd, Axis Asset Management Company
Limited, ICICI Prudential Life Insurance and
Bank of America.
37. Mr. Niranjan Das 54 He joined UTI AMC Ltd. in 1992. He has been
part of Dealing team since July 2007.
Sr. Vice President & Fund Postgraduate in The responsibilities handled as part of dealing
Manager Commerce (M. function are execution of secondary market
Com), Equity and Gold ETF transaction. He has been
MBA in handling Primary Market investments both for
Finance & Equity and Debt Markets.
Certified Prior to dealing he had handled various
Financial Planner responsibilities in Sales & marketing, Investor
services from 1992 to 2007. He has a total work
experience of 31 Years.
38. Ms Suruchi Wanare 54 She is associated with UTI for more than 30 years
with diverse experience in branch operations,
Executive Vice President & B.Com, fund accounting, and Compliance. She has 2
Compliance Officer MBA (Finance), years of banking experience prior to joining UTI
Diploma In AMC Ltd.
Financial
Management,
CAIIB- I ,
Diploma In
Computer
programming
39. Preethi R S* 33 She started her career in 2012 with UTIAMC.
Preethi has 10+ years’ experience in Equity
Fund Manager MBA , IIM Research and has specialized in India Financials
Kozhikode & Automotive sectors.

BE , Computer
Science , RVCE ,
Bengaluru

40. Ayush Jain * 26 He began his career with UTI AMC Ltd in April
2018 and has over 4 years of experience in Equity
Assistant Fund Manager CA, Research, Equity Portfolio Analysis & Portfolio
B.Com (Tax) Management Services.

41. Deepesh Agarwal * 32 Deepesh Agarwal is working with UTI AMC Ltd
as Senior Associate Vice President (Equity) –

23

Dedicated Fund Manager for CA,
Overseas Investments CFA (US) level 3
cleared, B.Com
42. Shubhada Jambavdekar** 57
Head – Investor Service B.A.
Management (Psychology),
M.A. (Industrial
Psychology)
* with effect from May 02, 2022
** with effect from June 01, 2022
E. Service Providers
1. Custodians
A. Stock Holding Corporation of India
(a) Stock Holding Corporation of India Ltd.,
situated at Mittal Court, B-Wing, Nariman
Point, Mumbai – 400 021, have been
functioning as Custodian for most of the
schemes and plans of the Fund as per the
agreement entered into with them on January
17, 1994.
(b) The Custodians are required to take delivery of
all securities belonging to schemes/funds/plans
of UTI Mutual Fund and hold them in its
custody.
(c) The Custodians will deliver the securities only
as per instructions from UTI Mutual Fund and
on receipt of the consideration.
(d) The Custodian shall be generally authorised to
attend to all non-discretionary and procedural
details for discharge of normal custodial
functions in connection with the sale, purchase,
transfer of and other dealings in the securities,
other assets held by them as an agent except as
may otherwise be directed by the Mutual Fund.
(e) Custodians shall provide all information,
reports or any explanation sought by the
Mutual Fund or the Auditors of the Fund for
the purpose of audit and for physical
verification and reconciliation of securities
belonging to the schemes/ funds / plans of UTI
Mutual fund.
(f) The SEBI registration number of SHCIL is
IN/CUS/011.
(g) The Custodian will charge fees as per the
Custodial Agreement.
24
UTI MF SAI (31.3.22)
Department of Fund Management since
November 2017. In research he covers
Engineering, Infrastructure, Utilities and Textile
sector. Overall, he has 10.5 years of work
experience with last 4.5 years at UTI preceded by
4 years stint at Ambit Capital as Equity Research
Analyst and 2 years at Hexaware Technologies as
Corporate Finance Executive
She started her career in 1991 with UTI AMC.
She has over 31 years of experience in
Operations / Investor Service.
B. Deutsche Bank AG:
(a) Deutsche Bank AG, Global Transaction
Banking, Securities Services, 4th Floor, Nirlon
Knowledge Park, Block 1, Western Express
Highway, Goregaon East, Mumbai – 400 063, India,
have been functioning as the Custodian for Physical
Gold held under the UTI Gold Exchange Traded
Fund Scheme as per the agreement entered with
them with effect from November 11, 2019.
(b) The Custodians are required to take delivery of
physical gold belonging to the Scheme and hold
it in its custody.
(c) The Custodians will deliver physical gold only as
per the instructions from UTI Mutual Fund and
on receipt of the consideration.
(d) Custodians shall provide all information, reports
or any explanation sought by the Mutual Fund
or the Auditors of the Fund for the purpose of
audit and for physical verification and
reconciliation of securities belonging to the
scheme.
(e) The SEBI registration number of Deutsche
BankAG is IN/CUS/003.
(f) The Custodian will charge fees as per the
Custodial Agreement.
2. Registrar and Transfer Agent:
M/s. KFIN Techologies Ltd. (SEBI
Registration no. INR000000221) has been
appointed as the Registrars.
Processing of applications and after sales
services will be handled from the following
branch of the Registrars:

Karvy Selenium Tower B, Plot Nos. 31 & 32,
Financial District, Nanakramguda,
Serilingampally Mandal, Hyderabad – 500 032,
Telangana.
Tel.: 040 – 6716 2222 (Board No.)
Fax: 040 – 6716 1888
Email:customercare@karvy.com
It has been ensured that the Registrar has
adequate capacity to discharge responsibilities
with regard to processing of applications and
dispatching unit certificates/Account
statements to Unit holders within the time limit
prescribed in the Regulations and also has
sufficient capacity to handle investor
complaints.
3. Statutory Auditors
S R Batliboi & Co. LLP, Chartered
Accountants, 12th Floor, The Ruby, 29,
Senapati Bapat Marg, Dadar (West), Mumbai -
400 028, have been appointed as Statutory
Auditors of UTI Mutual Fund.
4. Legal Counsel:
UTI AMC has in-house Department of Legal
with a Head-Legal along with a team of
9officers (including six legal professionals in
the specialist cadre) who are in the whole-time
employment of UTIAMC.
5. Fund Accountant:
The Fund Accounting of the Schemes is done
internally, and no external Fund Accountant has
been appointed so far by UTI AMC.
6. Collecting Banker/ Paying Banker:
Axis Bank Ltd, and/or such other banks
registered with SEBI may be appointed as the
collecting banker(s)/paying banker(s) under the
scheme on such terms and conditions as may be
decided by UTI AMC from time to time.
Presently, Axis Bank Ltd. has been appointed as
the collecting/Paying Banker whose Principal
business address is given below: -
Principal Business Address of the Bank.
Axis Bank Ltd.
(SEBI Registration No: INB 100000017)
Central Office, Maker Tower-F, 13th floor
Cuffe Parade, Colaba, Mumbai - 400 005
25
UTI MF SAI (31.3.22)
F. Condensed Financial Information (CFI)
The condensed financial information for the
years and 2019-20, 2020-21 and 2021-22 for all
the schemes launched during the last three years
(excluding redeemed Schemes) is furnished in
the Annexure.
II. HOW TO APPLY?
Purchase of Units
1. Purchase contract:
(a) The price at which a unit will be sold is
hereinafter referred to as “Sale Price".
The contract for sale of units shall be deemed
to have been concluded on the date of
acceptance except in case where an
application is rejected under II.7 below.
The sale price will be arrived at, which will be
in line with SEBI formula as under:
Sale Price = Applicable NAV
(b) The Fund reserves the right to increase
purchase load or introduce the redemption
load or have a combination of purchase and
redemption load, with prospective effect
subject to the maximum limits as
prescribed by the SEBI (MFs) Regulations.
Currently as per the SEBI (MFs)
Regulations while determining the price of
the units, the mutual fund shall ensure that
the repurchase price of an open ended
scheme is not lower than 95 per cent of the
Net Asset Value. .
(c) In respect of all applications for
purchase/redemption received and accepted
at all Official Point of Acceptance on a
particular day, the applicable NAV will be
as mentioned in the Scheme Information
Document of the respective schemes.
(d) Non-individual applications along with
required documents may be accepted only
at UTI Financial Centres or as may be
decided from time to time.
(e) In respect of New Fund Offer (NFO) of
Schemes / Plan(s) launched on or after

October 1, 2010, investor can subscribe to
the NFO through Applications Supported
by Blocked Amount (ASBA) facility by
applying for the Units offered under the
Option(s) / Plan(s) of the Scheme(s) in the
ASBA Application Form and following the
procedure as prescribed in the form.
2. Resident applicants – Mode of Payment:
(a) The payment for units by a resident
applicant has to be made either by a CTS-2010
compliant cheque or draft drawn on any bank,
which is situated at and is a member of the
Bankers’ Clearing House and located at the place
where the application is submitted or by any
other mode as may be permitted by UTI AMC.
No money orders, outstation cheques, post-dated
cheques [except through Systematic Investment
Plan (SIP)] and postal orders will be accepted.
(b) Cheques / drafts should be drawn on a
branch of the bank situated in the city / area of
the UTI Financial Centre / Official Points of
Acceptance, where the application is tendered /
submitted.
The bank draft charges, if any, will have to be
borne by the applicant. However for investment
made from areas where there are no UTI
Financial Centres / Official Points of Acceptance
(where local cheques are accepted), UTI AMC
may, if it so decides, bear draft charges to the
extent of Rs.250/- per application or the actual as
is prescribed by banks, whichever is lower or
such amount as may be decided by UTI AMC
from time to time. The investors have to attach
proof of the DD charges paid to a bank (i.e.
acknowledgement issued by the bank where DD
is purchased). The reimbursement/ adjustment
of DD charges is solely at the discretion of the
UTI AMC and in case if it is found that such
charges are unreasonably higher than normal
market rates, such charges may not be
admissible. Demand Draft charges if reimbursed
to unitholders will be borne by UTI AMC and
will not be charged to the scheme. However, in
case of applications received along with local
bank draft where UTI Financial Centre / Official
Points of Acceptance exists, bank draft
commission will have to be borne by the
investors.
26
UTI MF SAI (31.3.22)
In cases where the Scheme name on the
application form and on the payment instrument
are different, the application may be processed
and units allotted at applicable NAV of the
scheme mentioned in the application / transaction
slip duly signed by investor(s), the same
constitutes a valid legal document between the
investor and the AMC.
(c) Transfer of funds:
The facility to invest in UTI MF Schemes is also
available through National Electronic Funds
Transfer (NEFT) / Real Time Gross Settlement
(RTGS) of Banking channels in addition to the
existing modes of payments. In this connection,
the following may be noted:
1. Investors, who desire to invest for an amount of
Rs.2 lakhs and above, may approach their bank/s
(provided the facility of remitting through
NEFT/RTGS is available with them), by filling
up the requisite form and receive
acknowledgement.
2. The scheme application form along with the
NEFT/RTGS acknowledgement duly stamped by
the investor’s bank shall be submitted at any of
the UTI Financial Centre or other Official Points
of Acceptance, for time stamping.
3. Investor shall ensure that the payment is made
from one of his/her registered bank accounts in
the folio. If the name of the remitter/account
number from where the amount is remitted is not
matching with the registered / to be registered
bank accounts details, such remittances shall be
treated as third party payments and such
applications are liable to be rejected. In such
cases, UTI MF will refund the amount to the
remitter within 30 calendar days from the date of
receipt of the funds, as per the details made
available to UTI MF by the remitting Bank.
4. For the Beneficiary account details and others,
such as UTI MF’s Bank account number, IFS
Code, etc., Investors may contact the nearest UTI
Financial Centre or Official Points of
Acceptance.
(d) Cash:
Investors who desire to invest upto Rs.50,000/-
per financial year shall contact any of our UFCs
and obtain a Form for Deposit of Cash and fill-up
the same.
 UTI MF SAI (31.3.22)
Investors shall then approach the designated correspondent bank.
branch of Axis Bank along with the duly filled-in (ii) By a rupee cheque/draft issued out of
Form for Deposit of Cash and deposit the cash. NRE deposits of the applicant or
received as a gift from another NRI out
Axis Bank will provide an Acknowledgement of the donor's NRE deposits or by a
slip containing the details of Date & Time of rupee draft purchased by him from a
deposit, Unique serial number, Scheme Name, bank abroad.
Name of the Investor and Cash amount (iii) By a rupee cheque/draft issued out of
deposited. The Investors shall attach the NRO deposits of the applicant or out of
Acknowledgement slip with the duly filled-in the proceeds of the NRNR/NRSR
application form and submit them at the UFCs deposits.
for time stamping. (iv) Nepalese and Bhutanese currencies and
cash are not accepted.
Applicability of NAV for cash investments will (v) Where the payment account details are
be as under: different from the Bank Account where
Nature of Applicability of NAV the investment is made, investor has to
scheme submit a copy of cheque leaf in support
For Applicability of NAV will be based on of payment Bank a/c.
schemes depositing of cash at the designated
other than bank branch before the cut-off time (b) Submission of applications:
liquid & and timestamping of the valid
overnight application together with the (i) At the NRI Cell at Mumbai or Dubai
schemes acknowledgement slip at the UTI Representative Office of UTI International
Financial centre (UFC)/Official Point Ltd. or any other place/s, as may be
of Acceptance (OPA). announced by UTI AMC from time to
For liquid Applicability of NAV will be based on time.
scheme 1. Time-stamping of application (ii) At any of the UTI Financial
and alongwith the acknowledgement Centres/Official Points of Acceptance,
Overnight slip at UFC/OPA provided applications are accompanied by
Fund and also a cheque drawn on an NRE / NRO account
2. Receipt of funds by the respective or by a Rupee draft payable at the place
scheme from the bank for where the application is submitted and in
utilisation within cut-off time. any other manner as may be prescribed.

Where a scheme has received the cash
deposited, but investor has not yet
submitted the application, the
applicable NAV will be as per the
time stamping of the application when
submitted at UFC/OPA.
In case of difference in NAV due to delay in
submitting the application alongwith the
acknowledgement to the UFC/OPA, UTI AMC
Ltd. will not be responsible for the same. Any
benefits accruing during the period will not be
applicable for such investment.
3. NRI applications:
( c) For transactions received from Non
Resident Indian (NRI) investors, in addition
to the prescribed documents, they should
also submit a copy of passport as a
supporting document for Change of Status
from NRI to RI or vice versa, Change of
Bank Details and Change in Name.
Further, in case, bank account details are
required to be changed consequent to the change
in status from ‘Non Resident Indian’ to
‘Resident Indian’, then copies of supporting
documents specifying the date from which the
account has become ‘Ordinary Account’ are also
required to be submitted.

(a) Mode of Payment: 4. Mode of Payment by FII/FPIs

(i)By a rupee draft issued by a bank/exchange Investment by FII/FPIs should be through

house abroad on its Indian payment by debit to Special Non-Resident

27

Rupee Account maintained with a designated
Bank/ authorised dealer, approved by RBI.
Note: Investors may please note that the
agent/Business Development Associates (BDA)
of UTI AMC are not permitted to accept cash.
UTI AMC will not be responsible for such or
any other wrong tender of cash.
5. Additional mode of payment through
Applications Supported by Blocked Amount
(ASBA) facility:
Pursuant to SEBI Circular dated SEBI/IMD/CIR
No 18 /198647 /2010 March 15, 2010, and Cir /
IMD / DF / 6 / 2010 dated July 28, 2010, in
respect of New Fund Offer (NFO) of Schemes /
Plan(s) launched on or after October 1, 2010,
investor can subscribe to the NFO through
Applications Supported by Blocked Amount
(ASBA) facility by applying for the Units
offered under the Option(s) / Plan(s) of the
Scheme(s) in the ASBA Application Form and
by following the procedure as prescribed in the
form.
ASBA is an application containing an
authorization given by the Investor to block the
application money in his specified bank account
towards the subscription of Units offered during
the NFO of the Scheme of UTI Mutual Fund.
An Investor intending to subscribe to the Units
of the NFO through ASBA, shall submit a duly
completed ASBA Application Form to a Self
Certified Syndicate Bank (SCSB), with whom
his/her bank account is maintained, either
physically with the Designated Branches (DBs)
of the SCSB (“Physical ASBA”); or
electronically through the internet banking
facility offered by the SCSB (“Electronic
ASBA”). SCSB is a bank which is recognized
as a bank capable of providing ASBA services
to its customers, the list of which is available on
the websites of BSE (www.bseindia.com), NSE
(www.nseindia.com) and SEBI
(www.sebi.gov.in).
On acceptance of Physical or Electronic ASBA,
the SCSB shall block funds available in the
bank account specified to the extent of the
application money specified in the ASBA.
28
UTI MF SAI (31.3.22)
The application money towards the Subscription
of Units shall be blocked in the account until (a)
Allotment of Units is made or (b) Rejection of
the application or (c) Winding up of the
Scheme, as the case may be.
SCSBs shall unblock the bank accounts for (a)
Transfer of requisite money to the Mutual Fund
/ Scheme bank account against each valid
application on allotment or (b) in case the
application is rejected.
Thus, for an investor who applies through
ASBA facility, the application money towards
the subscription of Units shall be debited from
his specified bank account only if his/her
application is considered for allotment of Units.
6.Right of UTI AMC to accept or reject or
redeem the applications:
(a) UTI AMC shall have the right to accept
and/or to reject at its sole discretion, an
application for issue of units under the
scheme. An application for issue of units is
liable for being rejected under the following
circumstances which are illustrative and not
exhaustive in nature:
(i) If an application is received with
amount less than the minimum
prescribed amount of investment;
(ii) If the application has not been signed by
the first applicant;
(iii) If the application is found to be
incomplete in any respect.
(iv) If the bank account particulars as
required are not furnished.
(v) If the applicant is not eligible to invest
in the scheme.
(vi) If the cheque/demand draft deposited
along with the purchase application is
rejected and payment is not received by
UTI AMC.
(vii) If PAN details, as required are not
furnished.
(viii) If KYC requirements are not
fulfilled.
(ix) If FATCA & CRS requirements are
not fulfilled.
(x) If the investment amount is received
from other than the bank account where

1st holder/Minor is not the account
holder
(xi)If the bank account from which the
amount of investment is received cannot
be verified.
(b) Any decision of UTI AMC about the eligibility
or otherwise of a person to transact under the
scheme shall be final and binding on the
applicant. UTI AMC shall have the right to
accept and/or to reject / compulsorily redeem
the transaction at its sole discretion.
(c) Refund of application money in a rejected case
will be made without UTI AMC incurring any
liability whatsoever, for interest or any other
sum(s) and, at the cost of the applicant after the
requisite operational and other procedural
formalities, as prescribed from time to time are
complied with.
7. Requirement for admission into the scheme:
(a) An adult, being a parent, stepparent or other
lawful guardian of a minor may hold units and
deal with them on behalf of the minor. Such
adult if so required shall furnish to the UTI
AMC, document evidencing relationship of the
guardian / court appointed guardian / change of
guardian and date of birth. In the absence of
such documents, a self declaration in the form
as suggested by UTI AMC in this regard may
be submitted. Where the investments are
received from Government bodies / authorities
/ Departments in favour of beneficiaries
identified by them, submission of such
documents is exempted due to completion of
due diligence of date of birth / relation with the
guardian by those entities at the time of
identification of the beneficiaries.
(b) UTI AMC shall be entitled to deal only with
the applicant and in the event of his death, the
alternate applicant for all practical purposes
and any payment in respect of the units by UTI
AMC to the said applicant or the alternate
applicant shall be a good discharge to UTI
AMC.
(c) In the case of non-individual applicants such as
Body Corporate, Company, Eligible
Institutions, Society, Trust, Partnership Firm,
Banks, etc., (Applicant) admission into the
scheme will be allowed on compliance with
Know Your Client (KYC) requirements or as
29
UTI MF SAI (31.3.22)
prescribed by SEBI from time to time in this
regard. The Applicant specifically agrees that it
shall be the sole obligation of the Applicant to
ensure that the Applicant is duly eligible to
invest as per applicable prevailing law, rules,
regulations, guidelines, circulars, provisions,
their constitutional documents, by whatever
name it is called, for investment in the Scheme
of UTI Mutual Fund, if any, before investing.
By subscribing to the investment in the
Scheme, the Applicant discharges in full UTI
AMC, UTI Mutual Fund, UTI Trustee
Company, Directors and its employees from
any liability whatsoever suffered or incurred
due to acts of omission and / or commission /
or error or negligence of the Applicant in this
regard.
(d) An individual applying for units in his official
capacity shall be issued units in his official
name.
8. Units held under false declaration:
Unitholders who come to hold units under a false
declaration /certificate shall be liable for having
the unitholding cancelled and have their names
deleted from the register of unitholders.
(a) In such cases, UTI AMC shall have the right to
redeem the outstanding unit holding at par or at
NAV, whichever is lower, and deduct therefrom
a sum equal to 25% of the redemption price
towards penalty.
(b) UTI AMC will also recover the amount of
dividend distribution, if any, wrongly paid to
such persons from out of the redemption
proceeds.
(c) The amount payable to such applicant shall not
carry any interest or any other sum irrespective
of the period it might take to effect the
redemption and to pay the redemption proceeds.
9. Nomination:
(a) Nomination facility is available to individuals
applying on their own behalf i.e. singly or
jointly. If the units are held jointly, all joint
holders will sign the nomination form.
Nomination is mandatory for new folios /
accounts opened by individuals especially with
sole holding. In other words, new folios /
accounts for individuals in single holding shall
not be opened without nomination.
(b) Only three persons, resident or NRI, including
minors, can be nominated on a proportionate
basis. Total should come to 100%. Nomination
can also be in favour of the Central
Government, State Government, a local

authority, any person designated by virtue of his
office or a religious or charitable trust.
(c) Nomination of an NRI is subject to
requirements, if any, prescribed by RBI from
time to time.
(d) Nomination can be changed at any time during
the currency of the investment by the same
persons who have made the nominations.
(e) Nomination in respect of the units stands
rescinded upon the transfer of units.
(f) Unitholder being parent or lawful guardian on
behalf of a minor and non-individuals including
an eligible institution, societies, bodies
corporate, HUF, AoPs, BoIs and partnership
firms shall have no right to make any
nomination.
(g) The nominee shall not be a trust (other than a
religious or charitable trust), society, body
corporate, partnership firm, karta of HUF or
power of attorney holder.
(h) On registration of nomination a suitable
endorsement shall be made on the account
statement or in the form of a separate letter.
(i) The facility of nomination is available to a
unitholder under SEBI (MFs) Regulations and
guidelines issued by SEBI from time to time
which is mandatory. In an event, any investor
who does not wish to nominate, is required to
sign separately in the Scheme Application Form
confirming his/her intention of not making
nomination.
(j) On cancellation of nominations, the nomination
shall stand rescinded and UTI AMC shall not be
under any obligation to transfer the units in
favour of the Nominee(s).
(k) Where a nomination in respect of any unit has
been made, the units shall, on the death of the
unitholder(s), vest in the nominee and on
compliance of necessary formalities, the
nominee shall be issued a Account Statement in
respect of the units so vested subject to any
charge or encumbrance over the said units.
Nominee would be able to hold the units
provided he is otherwise eligible to become a
member of the scheme.
(l) Where there are two or more unitholders one of
whom has expired, the title to units shall vest in
the surviving unitholder(s), who may retain the
nomination or change or cancel the same.
However, non-expression of desire to change or
substitute the nominee by surviving unitholder
shall be deemed to be the consent of surviving
unitholder for the existing nomination.
30
UTI MF SAI (31.3.22)
(m) Transmission / transfer made by UTI AMC as
aforesaid shall be a full discharge to UTI AMC
from all liabilities in respect of the said units.
(n) It is mandatory for the application received
under single holding to nominate or provide the
declaration that he/ she do not wish to nominate.
(o) Pursuant to SEBI Circular No
SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82
dated June 15, 2022 Investors subscribing to
mutual fund units on or after August 1, 2022,
shall:
a. Provide nomination in the format specified in
fourth schedule of SEBI (Mutual Funds)
Regulations, 1996 (or)
b. Opt out of nomination through a signed
Declaration form in the format prescribed by
SEBI.
UTI AMC shall provide an option to the unit
holder(s) to submit either the nomination form
or the declaration form for opting out of
nomination in physical or online. In case of
physical option, the forms shall carry the wet
signature of all the unit holder(s) and in case of
online option, the forms shall be using e-Sign
facility recognized under Information
Technology Act, 2000, instead of wet
signature(s) of all the unit holder(s).
(p) Pursuant to SEBI Circular No
SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82
dated June 15, 2022 all existing individual
unitholders holding units solely or jointly are
required to nominate or opt out of nomination in
the format provided by SEBI by March 31,
2023, failing which the folios shall be frozen for
debits.
10. Systematic Investment Plan (SIP):
Existing unit holders can join SIP by quoting
the existing folio no. / Investor ID on the SIP
application form. New investors should attach
the SIP Enrolment Form along with the
Scheme Application Form.
1. SIP is offered with following Periodicity.
a. Monthly Systematic Investment Plan
(MSIP) and
b. Quarterly Systematic Investment Plan
(QSIP).
c. Weekly Systematic Investment Plan
(WSIP) for all schemes except UTI-ULIP

d. Daily Systematic Investment Plan (DSIP)
for all schemes except UTI-ULIP
Available Mode & Available Schemes under
Daily and Weekly frequencies:
i) Available Mode: The daily and weekly
frequencies will be available for SIPs
registered using Electronic mode only. The
daily and weekly frequencies will not be
available for SIPs that are already active
where the mandates are registered under
Standing Instruction mode under Auto Debit
arrangement.
ii) Available Schemes: The daily and
weekly frequencies will be available in all
Schemes that are eligible for SIP except UTI
Unit Linked Insurance Plan.
2. The minimum amount of each investment
for SIP – Please refer the SID of the eligible
schemes / plans.
3. The applications of SIP will be accepted at
all Official Points of Acceptance (OPAs). No
outstation cheques will be accepted.
Unitholders are required to submit all the
post-dated cheques at one go and not in a
staggered manner.
4. The disbursal of SIP cheques could be as
under:
Daily, Weekly & Quarterly Option
Monthly Option
New 1 Cheque of 1 Cheque of
investor initial investment initial investment
+ 5 Cheques + 3 Cheques
(Min)
Existing 6 Cheques (Min) 4 Cheques
unit holder
Note: If an unit holder desires to submit 12
cheques under the daily, weekly & monthly
option, the same will be accepted.
5. The first investment cheque could be of any
date and any amount (subject to minimum
applicable) and other cheques should be of a
uniform date (Date can be any date of the
month).
However, there should be a gap of minimum
one month between the 1st investment
cheque and the subsequent cheques.
6. Units Allotment: Units will be allotted at
NAV based purchase price declared for the
31
UTI MF SAI (31.3.22)
Scheme on the date on which the funds are
available for utilization. In case, the date
falls on a non-business day or falls during a
book closure period, the immediate next
business day will be taken into account for
the purpose of determining the price.
7. Account statement: An account statement
will be dispatched to the unitholder normally
within 3 business days from the date of first
transactions / cheque realization and
thereafter on each transaction. However, in
case of SIP & STRIP, the statement will be
issued on a quarterly basis. The periodicity
of dispatch of statement to the investors
participating in micro pension will be
determined as per the mutually agreed
arrangement between UTI AMC and the
respective micro-pension organizations.
8. For Systematic Investment Plan (SIP) - Load
structure, please refer to the Scheme
Information Document of the eligible
Schemes / Plans.
9. The Auto Debit Facility is available as
under:
I Auto Debit (Direct Debit): The Direct
Debit Facility is available only with the
banks with which UTI AMC or its
service provider has tie up for Direct
Debit
II. NACH (National Automated Clearing
House):- SIP is also available through
NACH platform of National Payments
Corporation of India (NPCI) wherein
mandates are registered based on the
scanned images by destination bank (s) or
through the eNACH platform of NPCI or
under any other platform / arrangement as
may be applicable. The timelines for
registration is 21 days in case of mandate
registration through scanned image and 3
working days in case of eNACH platform.
The investor’s bank should be
participating in the NACH Clearing.
SIP facility is available subject to terms and
conditions. Please refer to the SIP enrolment form
for terms and conditions before enrolment.
Investor can register for multiple SIP debits for the
same cycle date, same folio and the same scheme
subject to a maximum of 10 such debits. Investor
needs to submit fresh SIP mandate for the
additional amount.
 UTI MF SAI (31.3.22)
From Rs.1,000/- Rs. 2,000/-
The facility of issuing units in Demat mode is August 1,
extended for investments through SIP under 2022 to
various options of the Scheme (s) / Plan (s) of the July 31,
Fund offering SIP, wherever the Investor provides 2023
demat account details. From Rs.1,000/- Rs. 3,000/-
August 1,
The above facility is not applicable for the 2023 to
following schemes where demat facility is currently July 31,
not available: 2024
From Rs.1,000/- Rs. 4,000/-
UTI-Children’s Career Fund August 1,
UTI-Retirement Benefit Pension Fund 2024 to
UTI-Unit Linked Insurance Plan July 31,
2025
The units will be allotted in demat form based on And So And So on……..
the applicable Net Asset Value (NAV) per unit as on……
per the Scheme Information Document (SID) /
The Minimum SIP Step Up amount will be
Statement of Additional Information (SAI) and will
Rs.500/- and in multiples of Rs.100/-. If the
be credited to the Investor’s Demat Account on a
‘Step Up’ amount is mentioned and the
weekly basis upon receipt of details of realization
‘frequency’ is not mentioned, then the default
of funds from the bank/service provider. For
frequency shall be taken as ‘Yearly’. Similarly,
example, Units will be credited to Investor’s Demat
if the ‘frequency’ is mentioned and ‘Step Up’
Account every Monday for realization status
amount is not mentioned, then the ‘Step Up’
received in last week from Monday to Friday.
amount shall be considered as Rs.500/-. The
detailed terms and conditions are available in
1. ‘Step up’ facility:
the respective Service Request Form.
Under this facility, an Investor can opt for
stepping up his SIP amount at specified 2. Facility to Change the SIP_from one
intervals (Half-yearly / Yearly). Upon eligible Scheme to another eligible
exercising this option, the SIP debit amount Scheme under SIP facility / change in
will increase by the amount specified by the any attributes of SIP like changes in
Investor at the Intervals opted. Date, Amount:

For example, an Investor gives a SIP Mandate

Under this facility, an Investor can opt to
for 5 years in Scheme A for an amount of
change the eligible scheme during the
Rs.1,000/- which starts on August 1, 2021 and
tenure of the SIP, without having to
also opts for this ‘Step up’ facility with the
terminate the existing SIP. He may also
interval frequency as ‘Yearly’ & SIP Step Up
change any of the attributes like SIP Date,
amount as Rs.1,000/-. In this case, the SIP will
SIP Amount during the existence of the SIP
run as under:
Period.
SIP Period Regular SIP With ‘Step Up’
(Dates) without ‘Step facility of For example, an Investor who had opted for
Up’ facility Rs.1,000/- as ‘Step a tenure of 5 years for SIP in Scheme-A,
Up’ amount and after continuing the SIP for a period of say
frequency as 3 years, can change the Scheme to Scheme-
‘Yearly’ B for the rest of the period, instead of the
From Rs.1,000/- Rs. 1,000/- existing process of cancelling the SIP
August 1, Mandate of Scheme-A and giving fresh
2021 to mandate for Scheme-B. The Scheme/s can
July 31, be changed multiple times during the tenure
2022 of SIP.

32
 UTI MF SAI (31.3.22)
Investors may avail this facility any time
during the tenure of the SIP. The The ‘Pause’ facility can be exercised for the
application for such changes should be following duration, per instance:
submitted at least 15 days prior to the next
SIP instalment amount due date. Frequency Minimum Maximum
of SIP
3. Any Day SIP: Daily One Month Six
Months
Investors can choose any date of his/her
preference as SIP Debit Date. If in any Weekly One Month Six
month, the SIP Debit Date opted by the Months
Investor is not available (Say, 29th & 30th Monthly One Month Six
in February and 31st in case of alternate Months
months), then the SIP Debit Date for those Quarterly 90 days 180 days
months shall be the last available Business
Day in that month. 5. Turnaround time for activation of
Pause SIP:
For details of Scheme / Plan / Option
where SIP is available, please refer the All the requests for Pause facility must be
SID of the respective schemes. submitted at least 10 calendar days in
advance of the next SIP Debit due date.
‘Pause’ facility under Systematic
Investment Plan (SIP) 6. General Conditions:
The facility of ‘Pause’ under SIP is i) SIP Debit will automatically resume after
introduced from January 20, 2020 wherein the completion of the Pause Period.
the unit holder(s) who have registered their ii) If Pause facility period coincides with
Systematic Investment Plan in any of the Step Up registered in the SIP, the Stepped
Schemes, can opt to Pause the SIP debits up amount will be debited after the closure
subject to terms and conditions defined of the Pause Period.
hereunder.
7. Termination of Pause Facility:
1. Available Mode: Pause facility can be cancelled by
submitting a signed request by the investor.
The Pause facility is available for SIPs Upon cancellation of the SIP Pause
registered using any of the modes (Physical registered in the folio, the SIP Debits will
/ Electronic). This facility will not be automatically start.
available for Mandates registered under
Standing Instruction mode under Direct 8. The Trustee reserves the right to
Debit arrangement. change/modify the terms and conditions of
Pause facility under SIP or withdraw the
2. Available Schemes: facility at a later date.

The Pause Facility is available in all the

Schemes that are eligible for SIP.
3. Limitations:
i) SIP Pause can be opted only after
payment of first 6 instalments from the start
of SIP.
ii) SIP Pause can be opted only 2 times
during the entire life time of a SIP mandate.
4. Minimum and Maximum Duration of
Pause:
11. Systematic Transfer Investment Plan
(STRIP):
It is a facility wherein investor can opt to transfer a
fixed amount at regular intervals from one
designated scheme to another designated scheme of
UTI MF. Please refer the SID for the eligible
schemes / plans / Options.
a. Minimum Amount of Investment: in the
source scheme is Rs.12,000/-. This is
applicable for the initial investment in the case

33

of new investors and outstanding balance in the
case of existing Unit holders.
b. Periodicity of transfer: STRIP facility is
offered with the following periodicity: Daily,
Weekly, Monthly and Quarterly. Weekly STRIP
will not be allowed, if the STRIP under the folio
is already registered with any other frequency
(Daily / Monthly / Quarterly).
c. Transfer of funds: Transfer of funds will take
place from source scheme to destination scheme
for the schemes mentioned above in the table.
d. Date of transfer: Unitholders will be eligible
to transfer a fixed amount on daily basis i.e. on
every business day under Daily periodicity; on
any pre-specified date frequency of the month
under Weekly periodicity; on any pre-specified
date of each month under the Monthly
periodicity and on any pre-specified date of the
first month of each quarter, under Quarterly
periodicity. If that day being a holiday, next
business day would be considered for the
transaction.
However, if in any month, the STRIP date opted
by the Investor is not available (Say, 29th &
30th in February and 31st in case of alternate
months), then the STRIP for those dates shall be
processed for the last available Business Day in
that month.
STRIP will be registered and activated within
T+1 working day from the date of clear funds
available under the scheme.
e. Minimum amount of transfer: The minimum
amount to be transferred is Rs.100/- per
business day under Daily Periodicity; Rs.1000/-
under the Weekly Periodicity; Rs.1,000/- under
the Monthly Periodicity and Rs.3,000/- under
the Quarterly Periodicity.
f. Maximum amount of transfer: There is no
upper limit for transfer under all the
periodicities.
g. Minimum number of STRIP: Minimum
number of STRIP will be 20 under Daily
Periodicity, 6 under Weekly Periodicity, 6 under
Monthly Periodicity and 2 under Quarterly
Periodicity. There will be no upper limit. If the
minimum number is not mentioned, then by
default, the transaction to be continued till the
amount in the source scheme gets exhausted.
h. Transfer of amount: The transfer of amount
from the source scheme to the destination
scheme will be effected by redeeming the units
34
UTI MF SAI (31.3.22)
of the source scheme at applicable NAV as on
specified date and the amount will be converted
into units as per applicable NAV under the
destination scheme as on the specified date.
i. Load: Load structure existing at the time of
investment under source / destination scheme
will be applicable under the respective schemes.
j. Termination of STRIP: STRIP will
automatically get terminated under the
following conditions:
The unit holdings under the source scheme
becomes nil or lower than minimum amount to
be transferred as stipulated.
 In the case of death of the first unit holder.
 If the unit holder wishes to terminate at any
time by sending a written request to official
points of acceptance. Such notice will have
to be sent at least 15 calendar days prior to
the due date of the next transfer date.
 If lien or pledge or STOP is marked against
the units in the source scheme.
k. The provision of “Minimum Application
Amount” and “Minimum Redemption Amount”
if specified in the respective scheme information
document of the source and destination scheme
will not be applicable in the case of transaction
through STRIP. If the residual amount in source
Scheme is less than the scheme minimum
amount, then the residual amount will be
included in the last STRIP installment.
However, on termination of STRIP, if the
balance in the destination scheme is found to be
below the minimum amount as per the
provisions of scheme, the same will be
redeemed at the redemption price applicable on
the effective date of termination under the
conditions stated in 11.j. above.
l. STRIP request will be registered for a folio,
even if it is already under Systematic
Investment Plan (SIP), Monthly Withdrawal
Plan (MWP) or Fixed Withdrawal Plan (FWP).
UTI AMC reserves the right to change / modify
the terms & conditions of STRIP facility at any
time. For more details / information, please do
refer to our Systematic Transfer Investment Plan
(STRIP) – Enrolment Form.
12. STRIP Advantage
Under the UTI-STRIP Advantage, an investor
systematically transfers his investments from the
source schemes to any of the target schemes (eligible

equity schemes). Please refer the SID for eligible
schemes / plans.
1. The investor may give 5 mutually exclusive
entry triggers (Sensex levels in multiples of
100 say 8900,9000 etc) at which switchover
will be made to one of the equity schemes
(Target Scheme) from liquid scheme (Source
Scheme), with corresponding Stop loss
triggers and Profit triggers.
2. When the stop loss trigger or profit trigger gets
activated there will be switchover from equity
scheme (target scheme) to liquid scheme
(source scheme).
3. Each trigger is executable only once, that is,
once a trigger is fired, it gets exhausted and
cannot be used again.
4. Also, if more than one entry trigger gets fired,
the higher of the two will be considered with
corresponding stop loss and profit triggers.
a. Minimum investment amount in source
scheme: Rs.50,000/- (Rupees Fifty
Thousand only).
b. Minimum transfer amount: Entire amount
in the source scheme will be switched over
to the target scheme on activation of
trigger. Similarly, on reactivation of trigger
the entire amount will be transferred back
to source scheme from the target scheme.
c. Maximum amount of transfer: There is no
upper limit for transfer under both the
source and target schemes.
d. Reverse Trigger: At each entry triggers, the
amount will be invested in the target
scheme by redeeming the units from the
source scheme at applicable NAV as
mentioned below.
13. Introduction of ‘Flexi Systematic Transfer
Similarly, when the stop loss trigger or
Investment Plan (Flexi STRIP)’ facility
profit trigger gets activated the units will be
redeemed from the target scheme and
invested back into the source scheme at
applicable NAVs as mentioned below.
e. Effective date of trigger: Trigger will be
effective not later than 3 working days of
receipt of the STRIP Advantage application
form at the office of Registrar.
If the unit holder wishes to change the
Trigger Levels, he/she will have to register
afresh by completing prescribed STRIP
Advantage application form.
f. Load structure: Entry Load / Exit Load: As
applicable under Source Schemes and
Target Schemes.
35
UTI MF SAI (31.3.22)
g. Termination of STRIP Advantage: STRIP
will automatically get terminated under the
following conditions:
 The unit holdings under the both source
schemes becomes less than Rs.5000/-.
 In the case of death of the first unit
holder
 The unit holder can terminate STRIP
Advantage at any time by sending a
written request to UFCs / Scheme
registrar offices. Notice of such
termination shall be made effective not
later than 3 working days from the date
of receipt of the said request. Triggers,
which may get activated until the
effective date of discontinuation shall be
processed in accordance with the terms,
laid hereinabove.
 If lien or pledge of STOP is marked
against the units in the source scheme.
h. Applicable NAV:
The applicable NAV in case of transfer
from Liquid (Source) Schemes to Equity
(Target) Schemes will be the next day
(T+1) on which trigger takes place.
In case of reverse trigger from Equity
(Target) Schemes to Liquid (Source)
Schemes,
The applicable NAV of equity will be that
of the next business day of the day on
which trigger has taken.
The applicable NAV of liquid Schemes
would be T+2 day and credit to Liquid
Scheme will be on T+3 day. During this
period of 3 days, no fresh trigger can take
place.
The facility of Flexi STRIP is introduced from
Dec 18, 2019 wherein the unit holder(s) can
opt to transfer an amount at regular intervals
from a designated open-ended Scheme of UTI
Mutual Fund (“Transferor Scheme”) herein
after referred to as Source Scheme to the
Growth Option of a designated, open-ended
Scheme of UTI Mutual Fund (“Transferee
Scheme”) hereinafter referred to as
Destination Scheme.
a. Available Mode: The Flexi STRIP
Facility is available only for units held / to

be held in Non-Demat Mode in the Source
and the Destination Scheme.
b. Available Schemes: The Flexi STRIP
will be available in all source schemes
and for the destination schemes in which
the Regular STRIP is allowed.
c. Limitation on Destination Scheme:
Only one Flexi STRIP registration per
destination scheme in a folio would be
allowed. Though multiple Flexi STRIPs
and / or Normal STRIPs are allowed in
source schemes, only one Flexi STRIP or
Normal STRIP will be allowed in the
destination scheme.
d. Frequencies Available are Daily,
Weekly, Monthly and Quarterly intervals.
e. Date of transfer:
Unitholders will be eligible to transfer a
fixed amount on daily basis i.e. on every
business day under Daily periodicity; on
any pre-specified date under Weekly
periodicity; Monthly periodicity and of
the first month of each quarter, under
Quarterly periodicity. If that day being a
holiday, next business day would be
considered for the transaction.
However, if in any month, the Flexi
STRIP date opted by the Investor is not
available (Say, 29th & 30th in February
and 31st in case of alternate months), then
the Flexi STRIP for those dates shall be
processed for the last available Business
Day in that month.
f. Target Investment Value: In Flexi
STRIP, transfers into the Destination
Scheme from the Source Scheme are
made to achieve the Total Target
Investment Value in the Destination
Scheme. The amount to be transferred
will be arrived at on the basis of
difference between the Target Investment
Value and the Actual Market Value of the
holdings in the Destination Scheme on the
date of transfer.
g. First Flexi STRIP Instalment: The first
Flexi STRIP instalment will be processed
for the instalment amount specified by the
Unit holder at the time of enrollment.
From the second instalment, Flexi STRIP
instalment will be higher of the instalment
amount or the amount as derived by the
formula stated below:
36
UTI MF SAI (31.3.22)
[(Instalment amount) X (Number of
instalments including the current
instalment)] - (Market Value of the
investments through FLEXI STRIP in the
Destination Scheme on the date of
transfer)}
h. Total Amount Invested: The total
amount invested through Flexi STRIP
over its tenure in the Destination Scheme,
may be higher or lower than the Total
Target Investment Value of the
investment i.e. the [(Instalment amount) X
(total number of instalments specified by
the Unit holder)]. This may be on account
of fluctuations in the market value of the
Destination Scheme. If Unit Holder
decides to take up this facility, then he/she
should be aware of the possibility, that the
total amount invested through FLEXI
STRIP could be higher or lower than the
Total Target Investment Value of the
investment.
i. Minimum Amount, Frequency and
Number of STRIPS: The minimum
amount per Flexi STRIP instalment
amount and number of STRIPs at the time
of registration shall be as follows:
Frequency Minimum Minimum
Amount per Number of
Instalment Instalments
Daily Rs. 100 and in 20
multiples of Re.1
Weekly & Rs. 1000 and in 6
Monthly multiples of Re.1
Quarterly Rs. 3000 and in 2
multiples of Re.1
j. Minimum Redemption Amount: The
provision of ‘Minimum Redemption
Amount’ as specified in the Scheme
Information Document(s) (SID) of the
respective designated Source Scheme(s)
and ‘Minimum Application Amount’
specified in the SID(s) of the respective
designated Destination Scheme(s) will not
be applicable for Flexi STRIP.
k. Minimum Investment Amount for
STRIP Activation: Minimum amount of
investment in case of new investment /
Unit value in case of existing investment
 UTI MF SAI (31.3.22)
in the source scheme for registration of Investor(s) / Guardian in case of Minor
Flexi STRIP is Rs. 12,000/-. are KRA KYC complied.

l. Turnaround time for activation of Examples for calculation of transfer amount

STRIP: All the Flexi STRIPs will be under Flexi STRIP facility are as under;
registered and activated on a T+1 business
day basis from the date clear funds are Illustration 1: Flexi STRIP Enrollment Details:
available in the source scheme. T being Source Scheme UTI Liquid Cash
the date on which clear funds are Plan
available. Destination Scheme UTI Equity Fund -
Direct Plan –
m. Load Structure: In respect of units Growth Option
created under Flexi STRIP enrolments, Frequency & Date of Transfer Monthly – 1st of
the Load Structure prevalent at the time of every Month
registration of the Flexi STRIP mandate Flexi STRIP amount of Rs. 1000/-
shall govern the investors during the Transfer per installment
tenure of the Flexi STRIP. No. of Installments 12
Enrollment Period JANUARY –
n. Exit Load: The transfer under the Flexi DECEMBER
STRIP from the Source Scheme to the Steps for calculating Flexi STRIP Amount for the
Destination Scheme will take effect by 5th Installment as under (i.e. 2nd MAY 2019)
redeeming units of Source Scheme / Plan / Total units allotted up to the 28 Units
Option at the Applicable NAV, after date of last installment (i.e.
payment of Exit Load & TDS (In case of 1st APRIL 2019)
NRIs), if any, and subscribing to the units
NAV of UTI Equity Fund – Rs. 145.8101/-per
of the Destination Scheme at Applicable
Direct Plan – Growth Option unit
NAV. on 2nd May 2019
Market Value of the Rs. 4083/-
o. Termination of Flexi STRIP: Flexi
investment in the destination
STRIP will be terminated in case any of
Scheme on the date of transfer
the below reasons are met.
(Rs. 145.8101*28 Units)
i. The units balance becomes NIL in
5th Flexi STRIP Amount for May 2019 will be;
the Source Scheme or their value is
lower than minimum amount to be A. Flexi STRIP amount of Rs. 1000/-
transferred as stipulated. Transfer per installment
ii. Upon registration of Lien or Pledge B. Installment As determined Rs.917/-
or STOP against the Units in Source by Formula {(1000*5) –
Scheme 4083}
iii. Upon receipt of intimation of death
Hence the installment Rs. 1000/-
of the unit holder.
Amount on
iv. If the unit holder submits a duly
May 2019 (Higher of A or
signed request for termination of
B)
Flexi STRIP, such Flexi STRIP shall
be cancelled on a T+1 basis on of
Illustration 2: Flexi STRIP Enrollment Details:
receipt of a valid request from the
Unit Holder. Source Scheme UTI Liquid Cash
Plan
p. The Trustee reserves the right to Destination Scheme UTI Value
change/modify the terms and conditions Opportunities
of Flexi STRIP or withdraw the Flexi Fund –Direct
STRIP at a later date. Plan- Growth
Option
q. Know Your Customer (KYC): Flexi Frequency & Date of Monthly – 1st of
STRIP will be registered only if the Transfer every Month

37
 UTI MF SAI (31.3.22)
Flexi STRIP amount of Rs. 1000/- b) SWP Dates: Any pre-specified date of every
Transfer per installment month. In case the date falls on a holiday / book
No. of Installments 12 closure period, the next business day will be
Enrollment Period November – considered for this purpose. If the Record Date
October for Dividend Distribution falls on SWP Date,
Steps for calculating Flexi STRIP Amount for the then SWP will be effected first and thereafter
7th Installment as under (i.e. May 2019 ) Dividend Distribution will be made except
Total units allotted upto the 82 Units under Daily Reinvestment of IDCW option of
date of last installment (i.e. UTI-Treasury Advantage Fund, UTI-Liquid
1st April 2019) Cash Plan – Regular, UTI-Ultra Short Term
NAV of UTI Value Rs. 65.5676/-per Fund – Regular & UTI-Money Market Fund -
Opportunities Fund –Direct unit Regular plan.
Plan- Growth Option on 2nd However, if in any month, the SWP date opted
May 2019 by the Investor is not available (Say, 29th &
Market Value of the Rs. 5376/- 30th in February and 31st in case of alternate
investment in the destination months), then the SWP for those dates shall be
Scheme on the date of processed for the last available Business Day in
transfer (Rs. 65.5676*82 that month.
Units) SWP request will be registered and activated
7th Flexi STRIP Amount for 2nd May 2019 will within T+1 working day from the date of clear
be; funds available under the scheme.
A. Flexi STRIP amount of Rs. 1000/- c) Minimum Investment
Transfer per installment All the options i.e. monthly, quarterly, half
Rs.1624/- yearly and annual options will have the
B. Installment As determined
minimum investment amount as applicable to
by Formula {(1000*7) –
the respective schemes. There is no maximum
5376}
limit.
Hence the installment Rs. 1624/- d) Eligibility: Investment under Payout of IDCW
Amount on 2nd May 2019
option and Reinvestment of IDCW option as
(Higher of A or B)
well as Growth option of the scheme/s are
eligible. SWP will start after a cooling period of
Note: The amounts have been rounded off to nearest one month (excluding the month of investment).
Rupee. The above are only illustrations explaining
e) Methodology: The amount of monthly /
the concept of FLEXI STP using assumed figures.
quarterly / half yearly / annual payment desired
The Load and STT, if any, is not considered for this
illustration. by the unitholder would have to be indicated in
the application form subject to the following
minimum limits.
14. Systematic Withdrawal Plan (SWP)
Option Minimum Thereafter Minimum
Systematic Withdrawal Plan (SWP) will be available SWP in no. of
in the Payout of Income Distribution cum capital (INR) multiples installments
withdrawal (IDCW) option and Reinvestment of of (INR)
Income Distribution cum capital withdrawal Monthly 500 1 3
(IDCW) option / Growth option of the eligible Quarterly 500 1 3
schemes. Please refer the Scheme Information Half
Document (SID) of the eligible schemes / Plans. 500 1 3
Yearly
Annual 500 1 3
The features of the Systematic Withdrawal Plan Minimum amount of redemption: The
are as under. redemption will continue till the outstanding
amount in the folio is reduced to nil or such
other amount as may be decided by UTI AMC
a) Options of the SWP: Monthly / Quarterly / from time to time. If the amount in the folio is
Half Yearly / Annual options will be available less than the opted amount, the available amount
under SWP. will be paid to the unitholder. Further, if, say,

38

the opted amount under SWP is Rs.1000/- and
during the course of SWP, an amount of
Rs.1500/- only is left in the account, the entire
outstanding amount of Rs.1500/- may be paid
out at one go, at the discretion of the UTI AMC.
For the transactions through SWP, the provision
of “Minimum Redemption amount” and
“Minimum balance” as specified in the
respective Scheme Information Document (SID)
of the schemes will not be applicable.
f) Redemption of units: Based on the option viz.
Monthly / Quarterly / Half Yearly / Annual
opted for by the investor, appropriate number of
units equivalent to the amount of the monthly /
quarterly / half yearly / annual payment will be
redeemed on First In First Out (FIFO) basis and
the unit holder’s account will be debited to that
extent on the first business day of each month /
quarter / half year / annual, as the case may be.
Redemption of units under SWP will be at NAV
after deducting the applicable exit load for
respective schemes.
g) Withdrawal from SWP: In case, any investor
wants to withdraw from the SWP, he/she may
do so by intimating UTI AMC in writing at
least 15 days in advance of the next SWP date.
h) Termination of SWP: SWP will automatically
get terminated under the following conditions:
I. The unit holding under the scheme becomes
nil.
II. In the case of death of the first unit holder.
III. If the unit holder wishes to terminate at any
time by sending a written request to Official
Points of Acceptance. The request will be
acted upon not later than 15 days after
receipt of the letter.
i) Receipt by unitholder to discharge UTI AMC
The receipt by the unitholder for any amount
paid to him/her in respect of the outstanding
units shall be deemed to be a good discharge to
the UTI AMC.
15. Micro Systematic Investment Plan (Micro
SIP) will be available in the eligible schemes. Please
refer the SID of the eligible schemes / plans.
The features of the Micro SIP are as under.
1. This facility is available only through such
duly Authorized Entities, which have
agreement with UTI Asset Management
39
UTI MF SAI (31.3.22)
Company Ltd. (UTI AMC) for offering this
facility.
2. Minimum instalment amounts under Micro
Systematic Investment Plan shall be -
Under Monthly periodicity: Rs.100/- and in
multiple of Re.1/- thereafter.
Under Quarterly periodicity: Rs.300/- and
in multiple of Re.1/- thereafter.
3. Instalments can be variable subject to a
minimum of Rs.100 per instalment.
4. Micro SIP dates shall be subject to agreement
between the Authorised Entities and UTI
AMC.
5. Minimum application amount, as specified in
the respective Scheme Information Document
(SID) of the schemes of UTI Mutual Fund is
not applicable in the case of transactions
through Micro SIP.
6. All other features / guidelines of SIP & Micro
SIP will remain same.
All other terms & conditions of the eligible
Scheme(s) will remain unchanged.
UTI AMC reserves the right to amend / terminate
this facility at any time, keeping in view business /
operational exigencies.
16. Transfer of Income Distribution cum capital
withdrawal (IDCW) plan (TIP) will be available
in the eligible schemes. Please refer the SID of the
eligible schemes / plans.
The features of the TIP are as under.
a) TIP is a facility wherein unit holder(s) of
eligible scheme(s) [hereinafter referred to as
“Source Scheme(s)”] of UTI Mutual Fund can
opt to automatically invest the dividend (as
reduced by the amount of applicable statutory
levy) declared by the eligible Source Source(s)
into other eligible Scheme(s) [hereinafter
referred to as “Target Scheme(s)”] of UTI
Mutual Fund.
b) TIP facility is available to unit holder(s) only
under all Payout of IDCW and Reinvestment of
IDCWs Plan(s) / Option(s) except Daily
Reinvestment of IDCW Plan(s) / Options of the
Source Scheme(s). Unit holder(s)' enrolment
under the TIP facility will automatically
override any previous instructions for ' Payout
of dividend or Reinvestment of dividend’ in the
Source Scheme. Target Scheme can be any
plan/option as mentioned under the Scheme

Information Document (SID) of respective
schemes.
c) The enrolment for TIP facility should be for all
units under the respective Payout of IDCW and
Reinvestment of IDCW Plan(s) / Option(s) of
the Source Scheme. Instructions for part
Dividend Transfer and part Dividend Payout /
Reinvestment will not be accepted. The
dividend amount will be invested in the Target
Scheme under the same folio. Accordingly, the
unit holder(s) details and mode of holding in the
Target Scheme will be same as in the Source
Scheme.
d) The enrolment to avail the facility has to be
specified for each scheme / Plan / Option
separately and not at the folio level.
e) Under TIP, dividend declared (as reduced by the
amount of applicable statutory levy) in the
Source scheme (subject to minimum of
Rs.1,000/-) will be automatically invested into
the Target Scheme, as opted by the unit holder,
on the immediate next Business Day after the
Record Date at the applicable NAV of the
Target Scheme, subject to applicable load and
accordingly equivalent units will be allotted in
the Target Scheme, subject to the terms and
conditions of the respective Target Scheme.
For example: If the Dividend Record Date of
the Source Scheme is January 22 (Friday) and
the next Business Day of the Target Scheme
(non-Liquid scheme) is January 25 (Monday),
the unit holder will be allotted units in the
Target Scheme at the closing NAV of January
25 (Monday).
f) The provision for 'Minimum Application
Amount' specified in the respective Target
Scheme's Scheme Information Document will
not be applicable under TIP.
g) The Minimum amount of dividend eligible for
transfer under TIP is Rs.1,000/- (Rupees One
Thousand Only). In case TIP cannot be effected
due to amount being less than minimum
prescribed, then the dividend will need to be
paid out / reinvested as per the existing option
of the investor.
h) Load Structure (Target Scheme): The dividend
amount to be invested under the TIP from the
Source Scheme to the Target Scheme shall be
invested by subscribing to the units of the
Target Scheme at applicable NAV, subject to
payment of Entry/Exit Load as under:
Entry Load: Nil
Exit Load: Nil
40
UTI MF SAI (31.3.22)
i) Account Statement for the destination Scheme
to be sent only when dividend is transferred to
the destination scheme. Account Statement in
Source Scheme will be sent as per the existing
policy for Account Statement under Dividend.
j) Unit holders who wish to enroll for TIP facility
are required to fill TIP Enrolment Form
available with the nearest UFCs / and also
displayed on the website www.utimf.com.
k) The request for enrolment for TIP must be
submitted at least 15 days prior to the Record
Date for the dividend. In case of the condition
not being met, the enrolment would be
considered valid from the immediately
succeeding Record Date of the dividend,
provided the difference between the date of
receipt of a valid application for enrolment
under TIP and the next Record Date for
dividend is not less than 10 days.
l) The TIP facility will be terminated in the event
of following events:
a. The unit holding under the scheme becomes
nil.
b. In the case of death of the first unit holder
c. If the unit holder wishes to terminate at any
time by sending a written request to Official
Points of Acceptance. The request will be
acted upon not later than 15 days after
receipt of the letter.
All other terms & conditions of the eligible
Scheme(s) will remain unchanged.
UTI AMC reserves the right to amend / terminate
this facility at any time, keeping in view business
/ operational exigencies.
17. UTI MF online transaction portals (Website
and mobile app):
UTI Mutual Fund acting through UTI Asset
Management Company Ltd. (hereinafter referred
to as ‘UTIMF’ or ‘UTIAMC’) offers a facility to
transact online to Purchase, Redeem and Switch,
units of its various schemes, through its website
www.utimf.com called invest@uti and UTI
Mutual Fund mobile app available on both
Android and iOS devices.. The terms and
conditions of invest@uti are mentioned on the
website of UTI MF, www.utimf.com. These
terms and conditions for Online purchase
facility of UTI MF are in addition to the terms
and conditions of Scheme Information
Document (read with addendums, if any) of the
Scheme/Plan and shall be binding on the

investors who purchase the units of the
Scheme/Plan online. ‘Online Purchase facility’
is also an ‘Official Points of Acceptance’. The
cut off time that is mentioned in the SID/ KIM
will be applicable for transactions made through
the ‘Online Purchase facility’.
In addition to the existing mode of payment
which, interalia, includes Net Banking,
UPI(Unified Payment Interface), RTGS/NEFT
and SMaRT Form will also be the modes of
payment for online investments / subscriptions
made in the schemes of the Mutual Fund
through invest@uti.
18. Investor Transactions through electronic
mode – Whatsapp and Chatbot
UTI AMC ltd (AMC) is offering a facility to the
unitholder/ investors to undertake financial and/ or
non-financial transactions and other services on
“WhatsApp” and ‘Chatbot’ facility on UTI Mutual
Fund website https://utimf.com/
Investors can connect to the WhatsApp number of
UTI Mutual Fund at 7208081230 from their
registered mobile number by saying ‘Hi’. Investors
will be able to purchase, redeem UTI Mutual Fund
scheme units and also undertake other services such
as requesting statement of accounts , Net Asset value
of scheme etc.
Chatbot facility enables the Unit holder to use
‘Chatbot’ feature to carry out various financial and
non-financial transactions electronically via UTI MF
website.
For the said purpose, “UTI MF WhatsApp Facility”
and ‘UTI MF Chatbot facility’ shall be considered as
an “official point of acceptance”. The NAV
applicability and uniform cut - off timing as
prescribed by SEBI from time to time and mentioned
in the Scheme Information Document (“SID”) shall
be applicable for transactions received through this
facility.
For detailed terms and conditions of WhatsApp and
Chatbot facility, please visit our website at –
41
UTI MF SAI (31.3.22)
https://www.utimf.com/about/disclaimer/whatsapp-
terms-and-conditions/
All Transactions through this facility are subject to
such limits, operating guidelines, terms and
conditions as may be prescribed by AMC from time
to time. AMC reserves the right to introduce,
change, modify or withdraw the features available in
this facility from time to time.
19. Transactions through stock exchanges:
(i) Transactions are permitted through registered
stockbrokers / clearing members of recognised
Stock Exchanges (SEs) with effect from
November 30, 2009 for eligible schemes as per
SID.
(ii) The cut off time applicable for such transactions
is as per SID.
(iii) This facility is available to investors registered
with the eligible stock exchange brokers, who
have complied with the requirement of the
AMFI/NISM Certification examination.
(iv) At present, this facility is available through,
NSE, BSE, NSDL & CDSL. NSDL & CDSL
are permitted to process redemption request of
units held in demat form only. However, same
may be extended to other stock exchanges and
depositories, in future.
(v) Subscription and redemption will be governed
by SEBI (MF) guidelines.
(vi) A Mutual Fund Distributor (MFD) registered
with Association of Mutual Funds in India
(AMFI) and who has been permitted by the
concerned recognized stock exchange, shall be
eligible to use recognized stock exchanges’
infrastructure to purchase/redeem mutual fund
units of eligible schemes from UTI Mutual
Fund. Demat as well as Non-demat (units held
in physical form) transactions are permitted
through stock exchange platform.
MFD shall not handle payout and pay in of
funds and shall also not deal with units on
behalf of investor. The ‘Pay in’ will be directly
received by recognized clearing corporation
and ‘Payout’ will be directly made to the
investor account. In case of Demat, units shall
be credited / debited from the demat account of
investors.
The Date of Acceptance will be reckoned as
per the date & time the transaction is entered in

the SE’s infrastructure and the payment is
received by designated bank account of the
scheme. Units will be allotted in the physical /
depository mode as per the choice of the
investor.
For units issued in Physical Form:
a. Investors desire to purchase/redeem through
this infrastructure will have to approach the
authorised NSE/BSE brokers with
application/redemption form and other
documents as per regulatory requirement for
purchase/Redemption of units.
.
b. Request for non commercial transactions like
change of address, change of bank particulars
etc. will not be entertained by NSE/BSE
brokers. For these transactions, investors have
to contact UTI Financial Centre/Registrar of
the scheme.
In case of physical mode, the Account
Statement will be sent to the investor directly
on transacting in the units.
For units issued in Dematerialised Form.
a. At present, this facility is available for the
demat accounts opened with NSDL/CDSL.
b. No limit for redemption as mentioned above
will be applicable.
c. Request for non commercial transactions like
change of address, change of bank particulars
etc. will have to be intimated to respective
Depository Participant (DP).
d. In case, investors desire to convert the physical
units into dematerialised form or vice versa,
investors shall contact their Depository
Participant where the demat account is held.
e. Conversion of units from demat to physical
(remat) is subject to KYC compliance and the
date of acceptance for such transactions will be
the date of receipt of electronic request by the
R&T Agents from DP. This will be considered
for arriving at the holding period.
f. The condition of submission of proof for PAN
card is not required for purchase of units
through this facility, as it is construed that the
necessary proof for PAN & Know your Client
(KYC) has already been submitted at the time
of opening of the Demat Account.
42
UTI MF SAI (31.3.22)
The above is applicable for all the transactions
received through demat mode routed by DP and
Stock Exchange infrastructure.
In addition to the facility of Purchase and
Redemption available for eligible schemes on
BSE Star MF of Bombay Stock Exchange, the
facility of Switching units among the eligible
scheme/s has been introduced with effect from
June 29, 2015. The request for switch can be
given in number of units.
20. KYC requirement for Unit holders.
Know Your Client (KYC)
Pursuant to SEBI Circular No. MIRSD/SE/Cir-
21/2011 dated October 05, 2011, on ‘Uniform
Know Your Client (KYC) Requirements for the
Securities Market and ‘The Securities and
Exchange Board of India (KYC Registration
Agency) Regulations, 2011’ communicated vide
SEBI Circular No. MIRSD/Cir-23/2011 dated
December 2, 2011 and the guidelines issued
thereon vide SEBI Cricular no. MIRSD/Cir-
26/2011 dated December 23, 2011, the
following uniform KYC requirements
(hereinafter referred to as ‘KYC Compliance’)
effective from January 1, 2012 for investments
made in the Scheme(s) / Plan(s) of UTI Mutual
Fund:-
PAN is mandatory for Investments in the
Scheme(s) / Plan(s) of UTI Mutual Fund. SEBI
has vide its letter dated 30th July 2019 addressed
to AMFI has instructed that Fund Houses shall
collect the PAN mandatorily before processing
redemption. It has also been clarified that KYC
for the said investor also needs to be
mandatorily completed before paying out the
redemption amount to the investors. It is also
mandatory that all holders to a folio including
Guardian in case of investment in the name of
Minor should be KYC Compliant.
KYC Application Form:
Fill up and sign the KYC application form (as
applicable for individual investors or non-
individual investors) available on the UTI
Mutual Fund’s website, www.utimf.com or the
website of the KYC Registration Agencies
(KRAs) M/s CVL, www.cvlkra.com; M/s
NDML, www.ndml.in; M/s DotEx,
www.nseindia.com/supra_global/content/dotex/

about_dotex.htm; M/s CAMS Investor Services
Private Limited, www. Camskra.com and M/s
Karvy Data Management Services Ltd. Further
details on filling up / submission of KYC
Application form are available in SEBI Circular
no. MIRSD/SE/Cir-21/2011 dated October 5,
2011.
In Person Verification (IPV):
Please note that as per SEBI Circular No.
MIRSD/Cir-26/2011 dated December 23, 2011,
it is mandatory for SEBI registered
intermediaries to carry out IPV of any investor
dealing with a SEBI registered intermediary for
investments in a Mutual Fund. Unless the IPV
process is completed, the investor will not be
considered as KYC Complaint under the new
KYC compliance procedure and hence will not
be permitted to make any investment in any of
the scheme(s) / plan(s) of UTI Mutual Fund.
Accordingly, following persons/s are authorized
to carry out the IPV on the KYC application
form to be submitted along with the scheme
application form of UTI Mutual Fund.
(i) All Officers of UTI AMC Limited and
(ii) Distributors who are empanelled with UTI
AMC Limited, having valid certification of
National Institute of Securities Market (NISM)
or Association of Mutual Funds in India
(AMFI), and who have complied with the
process of Know Your Distributor (KYD).
If IPV is carried out by the Distributors, then,
The Distributor must have complied with the
certification process of NISM or AMFI.
The Distributor had undergone the process of
KYD.
The Distributor is empanelled with UTI AMC
Limited.
The investment is/was made by the investor
through the same Distributor.
The Distributor should exercise necessary due
diligence while carrying out IPV which will
form part of Code of Conduct prescribed for the
Distributors.
The verification of documents (Proof of Identity
and Proof of Address) with the original shall be
carried out by Officers of UTI AMC Limited /
accepting authority at the OPA.
In case of Direct scheme application, the IPV
may be carried out by a scheduled Commercial
43
UTI MF SAI (31.3.22)
bank where the investor is having account (as
per the bank account details provided by the
investor), or by all Officers of UTI AMC
Limited.
Attestation of documents:
The investor is required to submit self attested
copies of supporting documents such as proof of
identity, address proof etc. (as specified in
SEBI’s circular ref. no. MIRSD/SE/Cir-21/2011
dated October 05, 2011), along with the original
documents to the Official Points of Acceptance
(OPA) for verification. The accepting authority
at the OPA will verify the self attested copies
with the original, will affix stamp of “Verified
with original” on each document along with the
signature and seal containing name and
designation and return the original. However, if
the investor submits the original utility bills etc.,
without asking to return, self attested copies
need not be insisted/submitted.
However, if the investor is not able to bring the
original documents to the OPA for verification,
he may get the same attested from any of the
following authorities in addition to officers of
UTI AMC Limited:
Notary public, Gazetted Officer, Manager of a
scheduled commercial or multinational foreign
bank (name, designation & seal should be
affixed on the copy).
In case of NRIs, authorized officials of overseas
branches of scheduled commercial banks
registered in India, Notary Public, Court
Magistrate, Judge, Indian Embassy/Consulate
general in the country where the client resides
are permitted to attest the documents.
Submission:
The duly filled in KYC Application Forms (with
IPV duly completed) along with the supporting
documents can be submitted together with the
fresh investment application form / details /
proof of existing investment at any of the
Official Points of Acceptance (OPA) of UTI
Mutual Fund. The list of OPAs is available on
www.utimf.com.
It is clarified that only in respect of the
following categories of investors, the KYC
application form will be accepted by UTI AMC
or their Registrar:

KYC application form if submitted along with
fresh purchase form / additional purchase form /
SIP / Micro SIP form with or without CTS-2010
compliant cheque (hereinafter referred as
‘cheque’) (in case of direct debit / ECS) / STRIP
form etc / switch request.
In case of death claim settlement, requirement
of KYC in case of nominee / legal heir (other
than the holder/s) shall be applicable, similarly,
in case of Minor attaining majority, KYC of the
major child shall be applicable.
The investor has live units in the existing folio
and submits KYC application form.
However, UTI AMC reserves the right to accept
standalone KYC application form or otherwise.
On submission of the above, UTI AMC / RTA
will upload the KYC information on the system
of the KRA and issues a temporary
acknowledgement to the investor.
Investors also have an option to complete KYC
digitally by visting www.utimf.com. This is a
paperless process which is available to the
investors whose mobile number is available in
Aadhaar database of UIDAI. For more details
please visist www.utimf.com.
Acknowledgement:
Once all the documents are received and
verified by a KRA, they will send an email (if
registered) or letter to the investor informing the
investor either about compliance by the investor
of the new KYC compliance procedure (“final
acknowledgement”) or any deficiency in
submission of details or documents. On the
basis of the temporary acknowledgement or the
final acknowledgement, the investor may be
eligible to deal with any of the SEBI
intermediaries as mentioned in the above
referred SEBI circulars.
Applicability:
In terms of AMFI Best practices guidelines
circular no. 62/2015-16 dated September 18,
2015,
 with effect from November 1, 2015,
(a) it shall be mandatory for all new
investors to provide additional KYC
information such as Income details,
Occupation, association with politically
44
UTI MF SAI (31.3.22)
exposed person, net worth etc. as
mentioned in the application form.
(b) For ‘KYC-On-Hold’ cases investor
need to submit missing information or
update pending KYC related
information so as to enable AMC to
process purchase transaction (whether
fresh or additional) and switches.
 With effect from January 1, 2016,
(a) To be able to make additional
subscription (including switches), it
shall be mandatory for all existing
investors to provide additional KYC
information such as Income details,
Occupation, association with politically
exposed person, net worth etc. where
such information was not provided to
KRAs earlier.
(b) It shall be mandatory for existing
investors to complete the IPV and
provide the missing KYC information
for additional subscription (including
switches) in their existing folios.
Exemption from requirements of PAN
In pursuance to SEBI letter no.
OW/16541/2012 dated July 24, 2012 addressed
to the Association of Mutual Funds in India
(AMFI) on granting ‘Exemption from the need
for PAN for micro financial products’,
Investors of all the schemes of UTI Mutual
Fund (UTI MF) are hereby informed that
investments in Mutual Fund schemes/plans
(including investments in Systemic Investment
Plans [SIPs]) upto Rs 50,000/- per investor per
year per Mutual Fund shall be exempted from
the requirement of PAN.
Accordingly, prospective investors, who do not
have PAN Card, and who wish to invest upto
Rs 50,000/- in a financial year under any
Scheme/Plan of UTI MF may submit duly
filled purchase application forms with
instruments for payment along with KYC
application form with other prescribed
documents towards Proof of Identity, as
specified in SEBI’s circular ref. no.
MIRSD/SE/Cir-21/2011 dated October 05,
2011.
This exemption shall be applicable only for
investments by Individuals (including Non
Resident Indians [NRIs]), Minors and Sole

Proprietorship Firms. This exemption is not
applicable for all other categories of investors.
Investors / Prospective Investors may kindly
contact the nearest UTI Financial Centre for
completion of uniform KYC requirements.
Consequent to the operationalisation of Central
KYC Records Registry (CKYCR). Government
of India, vide Gazette notification dated
November 26, 2015, had authorized the Central
Registry of Securitization and Asset
Reconsctuction and Security Interest of India
(CERSAI), to act and perform the functions of
CKYCR including receiving, storing,
safeguarding and retrieving the Know Your
Client (KYC) records of an investor in digital
form. Also, AMFI vide its Circular No.
68/2016-17 dated December 22, 2016 had
issued guidelines for implementation of Central
KYC (CKYC) norms uniformly by all AMFI
Members.
Accordingly,
1. An Individual Investor who is new to KYC
Registration system and whose KYC is not
registered or verified with any of the
Agencies for KYC Registration (KRA),
shall use the CKYC form to register their
KYC.
2. In case an Individual Investor uses old
KRA KYC form, such investor should
either fill the new CKYC form or provide
additional / missing information in the
Supplementary CKYC form.
3. An Individual Investor, who has already
completed CKYC and has a KYC
Identification Number (KIN) from
CKYCR, can invest in the Schemes of UTI
Mutual Fund by quoting their KIN.
4. In case PAN of an investor is not updated
in CKYCR system, the investor shall be
required to submit a self certified copy of
PAN card at the time of investment.
5. The KYC requirements shall be governed
by SEBI Circulars / notifications and
AMFI Guidelines issued from time to time.
The following is the process for KYC
verification
- All commercial transactions where
KYC is applicable and in case KYC
45
UTI MF SAI (31.3.22)
status is complied for all the holders
then such transactions will be
accepted.
- In case of new purchases received
with first time KYC application, the
scheme application form with KYC
KRA acknowledgement will be
accepted, once KYC application with
enclosures is uploaded on KRA
system.
- In case KYC status of all holders are
On hold / Invalid / Rejected / CVL
MF complied / under process for more
than 30 days or any other status other
than complied, such applications will
not be accepted.
- In case where KYC status is On hold
but investment application is
submitted together with the missing
information / required documents to
make the status complied then in such
cases, the documents will be uploaded
to respective KRA to rermediate KYC
on hold. The commercial transaction
will be accepted with
acknowledgement generated on
uploading such documents on
respective KRA.
- In case of digital platforms only KYC
KRA complied investors are allowed
to transact.
The new CKYC forms and
Supplementary CKYC forms are
available on the website of UTI Mutual
Fund i.e. www.utimf.com.
It is mandatory to complete the KYC
requirements for all unit holders,
including for all joint holders and the
guardian in case of folio of a minor
investor.
Accordingly, all new or additional requests
for financial transactions (including
redemptions, switches, etc.) will be
processed only if the unit holders are KYC
complied or have submitted duly filled
KYC application form along with
necessary documents and PAN.
Existing non-KYC complied Unit holders
are advised to use the applicable KYC
Form for completing the KYC

requirements and submit the same at the
points of acceptance. Further, upon
updation of PAN details with the KRA
(KRA-KYC) / CERSAI (CKYC), the unit
holders are requested to intimate us / our
Registrar and Transfer Agent, their PAN
information along with the folio details for
updation in our records.
In terms of the Prevention of Money Laundering
Act, 2002, the Rules issued there under and the
guidelines/circulars issued by SEBI regarding
the Anti Money Laundering (AML Laws), all
intermediaries, including Mutual Funds, have to
formulate and implement a client identification
i.e. Know Your Customer programme, verify
and maintain the record of identity and
address(es) of investors. The need to Know
Your Customer (KYC) is vital for the
prevention of money laundering. The Trustee /
AMC may seek information or obtain and retain
documentation used to establish identity. It may
reverify identity and obtain any missing or
additional information for this purpose.
The Trustee / AMC shall have absolute
discretion to reject any application or prevent
further transactions by a Unit holder, if after due
diligence, the Investor / Unit holder / a person
making the payment on behalf of the Investor
does not fulfill the requirements of the KYC. If
after due diligence the Trustee / AMC has
reason to believe that any transaction is
suspicious in nature as regards money
laundering, the AMC shall report such
transactions to competent authorities under
PMLA and rules/guidelines issued thereunder
by SEBI, furnish any such information in
connection therewith to such authorities and
take any other actions as may be required for the
purposes of fulfilling its obligations under
PMLA and rules/ guidelines issued thereunder
without obtaining prior approval of the
Unitholder/any other person. In this connection
the Trustee / AMC reserves the right to reject
any such application at its discretion.
Investors desiring to invest / transact in mutual
fund schemes are required to mandatorily
furnish PAN (PAN of the guardian in case
minor does not have a PAN) and comply with
the KYC norms applicable from time to time.
46
UTI MF SAI (31.3.22)
Under the KYC norms, Investors are required to
provide prescribed documents for establishing
their identity and address including in case of
non-individuals copy of the Memorandum and
Articles of Association / bye-laws/trust
deed/partnership deed/ Certificate of
Registration along with the proof of
authorization to invest, as applicable, to the
KYC Registration Agency (KRA) registered
with SEBI. The Fund / AMC / Trustees / other
intermediaries will rely on the declarations
/affirmations provided by the Investor(s) in the
Application /Transaction Form(s) and the
documents furnished to the KRA that the
Investor(s) is permitted/ authorised by the
Constitution document/ their Board of Directors
etc. to make the investment / transact. Further,
the Investor shall be liable to indemnify the
Fund / AMC / Trustee / other intermediaries in
case of any dispute regarding the eligibility,
validity and authorization of the transactions
and / or the applicant who has applied on behalf
of the Investors. The Fund / AMC / Trustee
reserves the right to call for such other
information and documents as may be required
by it in connection with the investments made
by the investor.
21. Foreign Accounts Tax Compliance Act
(FATCA) and Common Reporting Standard
(CRS) requirements:
Government of India and US Government have
reached an agreement in substance on the terms of
an Inter-Governmental Agreement (IGA) to
implement FATCA and India is now treated as
having an IGA in effect from April 11, 2014. The
Organization of Economic Development (OECD)
along with G-20 countries has released a ‘Standard
for Automatic Exchange of Financial Account
Information in Tax Matters’ commonly known as
Common Reporting Standard (‘CRS’). India is
signatory to the Multilateral Competent Authority
Agreement (MCAA) for the purposes of CRS.
In accordance with FATCA & CRS provisions, IGA,
the Indian Income Tax Act 1961 or under other
applicable laws, rules, regulations, notifications,
guidelines issued by SEBI/AMFI (Applicable Laws),
the AMC/the Fund is required to:
1. Undertake due diligence process to identify US
reportable accounts by collecting information/

documentary evidence about US/Non US status of
the unit holders.
2. Disclose/report such information to the Indian
Income Tax Authorities, for onward submission to
specified US authorities or any other foreign
government, as the case may be, as specified under
the Applicable Laws.
FATCA due diligence is applicable to each new unit
holder (including joint holders) irrespective of the
country of residence/citizenship, and on being
identified as reportable person/specified US person,
all folios/accounts will be reported. FATCA
provisions are relevant not only at on-boarding stage
of unit holders but also throughout the life cycle of
investment with the Mutual Fund. Unit holders will
therefore be required to comply with the request of
the AMC / Fund to furnish such information as and
when deemed necessary by the AMC / Fund in
accordance with the Applicable Laws.
In case the unit holder / investor fails to furnish the
relevant information and/or documentation in
accordance with the Applicable Laws, the AMC /
Fund reserves the right to reject the application or
redeem the units held directly or beneficially.
22. Updation / Change of address / Bank details:
A] Updation / Change of address
Investors are requested to update their change of
address within 30 days from the date of change.
In case of Know Your Client (KYC) complied
folios, Investors are required to submit the
documents at OPAs or UTI AMC Ltd with KYC
– Change request form along with requisite
documents as may be specified by them, from
time to time.
In case of non-KYC complied folios, Investors
are required to submit self attested copy of any
one of the following documents, having validity
at the time of submission, each towards Proof of
Identity and proof of old and new address:
Proof of identity:
(1) PAN card with photograph, (2) Photo ration
card, (3) Aadhaar, (4) Voter Identity card, (5)
Driving License, (6) Passport, (7) Senior
47
UTI MF SAI (31.3.22)
Citizen / Freedom fighter ID card issued by
Government.
Proof of old as well as new address:
Landline Telephone bill, Electricity Bill, Gas
Bill, Demat account statement, Bank
passbook/statement, (all not more than 3 months
old in case of new address proofs) Ration card,
Voter ID card, Passport, Property Tax Receipt,
Registered Lease or Sale Agreement of
Residence, Driving License, Flat Maintenance
Bill, Insurance Policy copy, Quarter allotment
letter issued by Public Sector Undertakings or
Scheduled commercial banks.
B] Updation / Change of bank details:
Investors are requested to update/change their
bank details using the Form for registration of
multiple bank accounts separately and in future,
it shall not be accompanied with redemption
request. Such request shall be submitted prior to
submission of the redemption request. Investors
are required to submit self attested copy of any
one of the following documents, having validity
at the time of submission, each towards Proof of
Identity and proof of old and new bank accounts
for updating / changing the bank details:
B.1) Proof of identity:
PAN card with photograph, Photo ration
card, Aadhaar card, Voter Identity card,
Driving License, Photo Identity Cards
issued by State / Central Government and
its Departments, Statutory / Regulatory
Authorities, Public Sector Undertakings,
Scheduled Commercial Banks, Public
Financial Institutions, Passport, Photo
Debit Card and Senior Citizen / Freedom
fighter ID card issued by Government.
B.2) Proof of new bank account details:
“Cancelled” original cheque leaf bearing
account number and first unit holder name
printed on the face of the cheque OR bank
account statement/passbook with current
entries OR Original letter issued by the
bank on the letterhead confirming the bank
account holder with the account details,
duly signed and stamped by the Branch
Manager not older than 3 months.

B.3) Proof of existing/old bank account
details:
“Cancelled” original cheque leaf bearing
account number and first unit holder name
printed on the face of the cheque
(mandatory in case of new
generation/MNC banks) OR bank account
statement/passbook OR Original letter
issued by the bank on the letterhead
confirming the bank account holder with
the account details, duly signed and
stamped by the Branch Manager. In case
the bank account is already closed, a duly
signed and stamped original letter from
such bank on the letter head of bank,
confirming the closure of said account.
SOA issued atleast 2 years old under the
same folio having registered Bank account
details printed on the same. Any operative
bank account statement of 2 years (Should
be held for a period of more than 2 years),
where the address of the Bank Account
should match with the registered address.
If the address is different, an additional
proof towards proof of address (acceptable
as per list of address proof) for this
address is to be given.
B.4) In case of the old investments where bank
details are not updated, in addition to
documents stated at B.1 and B.2 above, any
one document of the following will be
required to be submitted towards proof of
investment:
For all UTIMF schemes, except UTI ULIP,
Original Membership advice/ unit
certificate/ original SOA issued atleast 2
years prior to the date of submission.
Copy of acknowledgement by the
application through which investment was
made. Copy of Bank passbook/ statement
showing debit entry of investment in
scheme.
For UTI – ULIP scheme, Original
membership advice (applicable only for
redemption or maturity), Original receipt of
Renewal Contributions paid (any 2
receipts), Original SOA issued atleast 2
years prior to the date of submission, Copy
of bank passbook or statement showing
atleast 2 debits towards renewal
48
UTI MF SAI (31.3.22)
contribution payments, Proof of any other
bank account held for more than 2 years
with name and address matching our
records.
B.5) In case of updation of bank details for the
investments made in the name of minor
child on attaining majority, in addition to
B.1 and B.2, the signature of the minor
child now become major will have to be
attested by the guardian who made the
original investment or the bank manager
where the account is held.
C] Cooling period:
In case the change of address and/or Updation /
change of bank details are submitted together
with the redemption request or standalone
request within the period of 3 (Three) months
prior to submission of redemption request, the
first redemption payment will be made after a
cooling period of upto 8 working days and in
any case within SEBI stipulated 10 business
days from the date of such redemption request.
The copies of all the documents valid at the time
of submission will be required to be self attested
(original may please be produced for
verification across the counter). In case of non-
submission of required documents, UTI Mutual
Fund at its sole and absolute discretion may
reject the transaction or may decide alternate
method of processing such requests.
Further, it was also informed to update/change
of bank details using the form for registration of
multiple bank accounts separately and in future,
it shall not be accompanied with redemption
request. Such request shall be submitted prior to
submission of redemption request. In this
connection, it is further clarified as under:
1. The request to update/change of address (in
case of non-KYC complied folios) and/or
update/change of bank details shall be
submitted at least 10 working days prior to
submission of redemption request /
dividend record date, together with the
necessary supporting documents as above.
2. Investors can choose to receive the
dividend / redemption payment in one of

the bank accounts already registered with
UTI MF.
3. However, in case of redemption request
received with a Change of Address and /or
Change of Bank detail, which is not already
registered with UTI MF, or change of
address/bank details received lesser than 10
working days prior to dividend record
date, such new/unregistered address /bank
details will be registered and will be
considered for payment of redemption /
dividend proceeds after cooling period of
10 days.
4. Further, in case of folios where no bank
details registered earlier, redemption
requests received along with updation of
bank details, the bank details in such cases
will be registered and the date of
acceptance for redemption shall be the 10th
working day from the date of receipt of
such combined request. Accordingly, the
combined request will be processed.
5. In the above event, UTI MF/UTI AMC Ltd.
shall not be liable for any loss/delay in
receiving dividend / redemption payment
by the investor.
In case of non-submission of required
documents for updation / change of Address and
/or Bank details, UTI AMC Ltd at its sole and
absolute discretion may reject the transaction or
may decide alternate method of processing such
as ‘in person verification’ including taking
photograph of the unit holder, obtaining Identity
proof etc. which may be specified by UTI AMC
Ltd. from time to time. The details of documents
to be submitted / accepted are available in the
service request forms.
D) Registration of multiple bank accounts:
In order to facilitate the implementation of risk
mitigation process as above, investors can
register the multiple bank accounts with the
Mutual Funds. In this connection, the following
may be noted:
1. The individual/HUF investors can register
upto 5 bank accounts and non-individual
holders upto 10 bank accounts under the
Folio.
49
UTI MF SAI (31.3.22)
2. The investor needs to submit any one of the
following documents in support of the bank
account details:
 Cancelled cheque leaf or
 Bank statement or
 Bank passbook containing account
number, account holders’ name and
address.
In case, if the copy of the above document
is submitted, the investor should bring the
original for verification.
Existing investors will have to submit copy
of any one of the above documents in
support of the registered bank account.
3. The registrations will be carried out after
verifying that the first named holder in the
Mutual Fund folio is one of the bank
account holders.
4. The investor has to state one of the bank
accounts as default account for receiving
dividend and redemption payment.
5. In case of existing investors, till they
register multiple bank accounts and
registers a different bank account as default
bank account, the existing bank account
will be treated as default bank account.
6. Investors will not be allowed to delete a
default bank account unless investor
registers another bank account as a default
account.
7. Investor is required to submit proof of the
existing registered bank accounts in the
folio/account, prior to registering additional
bank accounts or deleting bank accounts.
8. On receipt of the above together with the
required valid documents, there will be
cooling period of not more than 10 calender
days within which validation and
registration of bank accounts will be carried
out by RTA. During this period, the
investor will be informed through
letter/email/SMS/phone etc. about the
registration of new bank account.
9. Investors may register the bank accounts
well in advance and do not club the change
in bank account/s together with the
redemption request.
23. Risk Mitigation process against Third
Party Cheques
A) Restriction on Third Party Payments

With effect from November 15, 2010, third
party payments are not accepted in any of the
schemes of UTI Mutual Fund. “Third Party
Payments” means the payment made through
instruments issued from an account other than
that of the beneficiary investor mentioned in the
application form. However, in case of payments
from a joint bank account, the first named
applicant/investor has to be one of the joint
holders of the bank account from which
payment is made.
Exceptions:
In the following exceptional situations,
applications with Third Party Cheques are
accepted:
a. Payment by Employer on behalf of
employee under Systematic Investment
Plans or lump sum / one-time subscriptions
through salary deductions or deductions out
of expense reimbursements.
b. Custodian on behalf of an FII/FPI or a
client.
c. Payment by Corporate to its Agent /
Distributor / Dealer (similar arrangement
with Principal-Agent relationship), on
account of commission / incentive payable
for sale of its goods / services, in the form
of Mutual Fund units through Systematic
Investment Plans or lump sum / one-time
subscription, subject to compliance with
SEBI Regulations and Guidelines issued by
AMFI, from time to time.
However, the following requirements are
required to be met in the above exceptional
situations:
It is mandatory for the Investor and the person
making the payment to be KYC compliant.
The investor should give details of the bank
account from which the payment is made and
the relationship with the beneficiary.
Further, the payment instrument issued should
be from the drawer’s account only.
The Initial and renewal contribution/s received from
Hindu Undivided Family (HUF) under UTI-Unit
Linked Insurance Plan (UTI ULIP) for investment in
the name of its Member/s is/are exempted from the
50
UTI MF SAI (31.3.22)
applicability of Risk Mitigation process against third
party cheques with effect from February 3, 2014,
subject to the compliance of the following
requirements.
1. HUF and the Member in whose name
investment is made are ‘Know Your Client’
(KYC) compliant.
2. HUF provides the details of the bank account
from which the investment is made and the
relationship with the beneficiary.
3. The payment instrument is issued from the
above mentioned HUF’s bank account only.
Process to identify Third-Party payments:
i. In order to establish the subscription by the
investor from his own bank account, the
investor has to necessarily state the bank
account details from where the investment
is made/cheque is issued (Pay-in Bank
Account) and the bank account where he
wishes to receive the dividend and
redemption payments (Pay-out Bank
Account). Pay-out Bank Account details
will be used for verifying Pay-in Bank
Account details.
ii. In the situation where the payment
instrument does not contain the name of the
first holder and the signatory is other than
the first applicant/holder, the investor is
required to submit the copy of bank
statement/passbook containing his/her name
in the same Bank account, from which the
instrument is issued.
iii. In case of the subscriptions received with
Demand Draft (DD) / Banker’s Cheque
(BC) by way of debit to his/her bank
account, the Investor need to submit any
one of the following documents along with
the purchase application.
a) a proof of debit to the Investor’s Bank
account in the form of a Bank Manager’s
Certificate from the Issuing banker stating
the Account holder’s name and the
Account number which has been debited
for issue of the instrument and PAN as per
Bank’s records, if available or
b) counterfoil of the deposit slip containing
the name of the Purchaser/applicant of the

DD/BC, bank account number and seal of
the bank or
c) copy of the Bank passbook / statement
showing the debit of the equivalent amount
for issuance of DD/BC (inclusive of bank
charges, if any) and the narration
containing issue of DD/BC in favour of
UTI MF (1st unit holder should be one of
the Bank account holders) or
d) a copy of acknowledgement from the Bank,
wherein the instructions to debit the
account are available and the same carries
the Bank account details and name of the
investor as an account holder
iv. In case of DD/BC obtained by the investor from
his own bank by paying cash upto Rs.50,000/-,
the same should be accompanied by a
certificate from the banker giving name,
address, bank account number and Permanent
Account Number (PAN) (if available) of the
person who has requested for the DD/BC or
counterfoil of the deposit slip containing the
name of the Purchaser/applicant of the DD/BC,
bank account number and seal of the bank.
Such DD/BC issued by the Bank against Cash
will not be accepted for investments of more
than Rs.50,000/-.
v. In case of Demand Draft(DD)/Banker’s
Cheque(BC)/Pay order (PO) obtained by the
investor by paying cash etc. upto Rs.50,000/-
(inclusive of DD charges), per investor, per
Mutual Fund, per year, from the bank where
he/she does not have any account or the same
bank is not registered as mandate bank with
UTI Mutual Fund, such investments should be
accompanied with the counterfoil of the
deposit slip containing bank’s seal and
purchaser/applicant’s name and PAN (if
available). The name of the purchaser will have
to match with one of the applicant/holders as
per the scheme application form. The
requirement of stating bank account number
may not be compulsory for such investments
upto Rs.50,000/- per investor, per Mutual Fund,
per year.
vi. In both (iii) & (iv) above, the Bank account
number of the investor is the same as the one
of the registered Bank account mandate(s) with
UTI Mutual Fund or the Bank details
mentioned in the application form.
vii. In the case of consolidated DD obtained by the
Business Development Associates (BDAs) /
51
UTI MF SAI (31.3.22)
Chief Representatives (CRs), the BDA/CR will
ensure that the 1st holder in the
Folio/application form is one of the account
holder in the bank account from where the
cheque is issued or the same bank account is
one of the registered bank account under the
Folio.
viii. In case of subscriptions received electronically
such as by way of Real Time Gross Settlement
(RTGS), bank transfer, etc., a copy of the
instruction to the bank stating the account
number debited must accompany the purchase
application. The Official Points of Acceptance
(OPA) / Registrar & Transfer Agent (RTA)
shall check that the account number mentioned
on the transfer Instruction copy is a registered
pay-in account or belonging to the first unit
holder/applicant. The RTA will also match the
bank account number provided by the bank in
the bank statement where the credit is received.
ix. In case of aggregated payments received
through Channel distributors, RTA shall ensure
that the investment amount received is from
one of the registered bank accounts.
x. Further, for payments through invest@uti,
investors will ensure and declare that the
investment is being made from one of his/her
registered bank accounts. In this case, UTI
AMC may take steps to validate the bank
account includng crediting a nominal amount in
the bank account of investor.
In case, the application for subscription does not
comply with the above provisions, UTI AMC
retains the sole and absolute discretion to
reject/not process such application and refund
the subscription amount and shall not be liable
for any such rejection.
B) Mode of writing cheques:
In order to avoid frauds and as a best practice,
investors are advised to make the payment
instrument (cheque, demand draft, pay order,
etc) favouring “UTI Mutual Fund Scheme Name
A/c First Investor name” or “UTI Mutual Fund
Scheme Name A/c Permanent Account
Number” or “UTI Mutual Fund Scheme Name
A/c Folio number”.

The above is applicable from 15th November
2010. The existing SIP accepted/registered prior
to 15th November 2010, will continue as per the
existing procedure.
24. Anti Money Laundering (AML)
Standards / Combating the Financing of
Terrorism (CFT) / Obligations of Securities
Market Intermediaries under the Prevention
of Money Laundering Act, 2002 (PMLA
2002) - Client Due Diligence
As a part of Client Due Diligence (CDD) Process
under PMLA 2002, every SEBI registered entity,
which inter alia includes Mutual Funds, is
required to obtain sufficient information from
their clients in order to identify and verify the
identity of persons who beneficially own or
control the account.
In terms of SEBI Master Circular on AML/CFT
dated October 15, 2019 ‘Beneficial Owner’ has
been defined as a natural person/s who ultimately
own, control or influence a client and / or persons
on whose behalf a transaction is being conducted,
which includes persons who exercise ultimate
effective control over a legal person or
arrangement.
Further, the Prevention of Money Laundering
Rules, 2005 (PMLR 2005) also require that every
intermediary shall identify the beneficial owner
and take all reasonable steps to verify his
identity.
In order to comply with the above
Act/Rules/Regulations, the following CDD
process is being implemented across all Schemes
of UTI Mutual Fund, with effect from January 1,
2014.
1. Applicability:
1.1 Providing information about beneficial
ownership will be applicable to all the
investments received from January 1, 2014,
from all categories of
investors except Individuals and a Company
listed on a stock exchange or is a majority-
owned subsidiary of such a Company.
1.2 Information about Beneficial owner shall be
provided by the investors to UTI Asset
Management Company Ltd (UTI AMC) / its
52
UTI MF SAI (31.3.22)
Registrar, till the same is taken over by KYC
Registering Authority (KRA).
1.3 Proof of Identity of the beneficial owner such
as Name/s, Address & PAN/Passport together
with self-attested copy* are required to be
submitted to UTI AMC Ltd / its Registrar.
(* Original to be shown for verification and
immediate return.)
1.4. In case of any change in the beneficial
ownership, the investor should immediately
intimate UTI AMC / its Registrar / KRA, as
may be applicable, about such changes.
2. Identification Process
(A) For Investors other than trusts and foreign
investors:
(i) If the investor is an unlisted company,
partnership firm or unincorporated association /
body of individuals, the beneficial owners are
those persons /s who are acting alone or
together, or through one or more juridical
person and exercising control through
ownership or who ultimately has a controlling
ownership interest.
(ii) Controlling ownership interest means
ownership of /entitlement to:
· More than 25% of shares or capital or profits of
the juridical person, where juridical person is a
company.
· More than 15% of the capital or profits of the
juridical person, where the juridical person is a
partnership firm; or
· More than 15% of the property or capital or
profits of the juridical person, where the
juridical person is an unincorporated
association or body of individuals.
(iii) In cases, where the beneficial owner is not
identifiable through the above means, the
beneficial owner will be the one who exercises
control through voting rights, agreements, and
arrangements or in any other manner.
(iv) Where no natural person is identified under any
of the above criteria, the person who holds the

position of senior management shall be
considered as the beneficial owner.
(B) If the Investor is a Trust:
In case of a Trust, the settler of the trust, the
trustee, the protector and the beneficiaries with
15% or more interest in the trust or any other
natural person exercising ultimate effective
control over the trust through a chain of control
or ownership shall be considered as beneficial
owner.
(C) If the Investor is a foreign investor:
The Know Your Client requirements in case of
foreign investors viz. Foreign Institutional
Investors (FIIs), Foreign Portfolio Investors
(FPIs), Sub accounts and Qualified Foreign
Investors (QFIs) as specified in SEBI circular
no CIR/MIRSD/11/2012 dated September 5,
2012 shall be considered for the purpose of
identification of beneficial ownership of the
investor.
Further, the operational guidelines for foreign
portfolio investors, designated depository
participants and eligible foreign investors issued by
SEBI from time to time in this regard will be
applicable.
25. Suspension of Purchase of units (including
Switch-in):
The Trustee may decide at its sole discretion to
withdraw Purchase (including switch-in) of the
Units in the Scheme(s) (including Plan / Option
of the Scheme) temporarily or indefinitely, in
any of the following events:
a) When one or more stock exchanges or markets,
which provide basis for valuation for a
substantial portion of the assets of the Scheme
are closed otherwise than for ordinary holidays.
b) When, as a result of political, economic or
monetary events or any circumstances outside
the control of UTI AMC, the disposal of the
assets of the Scheme is not reasonable or would
not reasonably be practicable without being
detrimental to the interests of the unitholders.
c) In the event of breakdown in the means of
communication used for the valuation of
investments of the Scheme, without which the
value of the securities of the Scheme cannot be
accurately calculated.
53
UTI MF SAI (31.3.22)
d) During periods of extreme volatility of markets,
which in the opinion of UTI AMC, are
prejudicial to the interests of the unitholders of
the Scheme.
e) In case of natural calamities, strikes, riots and
bandhs.
f) In the event of any force majeure or disaster that
effects the normal functioning of UTI AMC or
the Registrar.
g) If so, directed by SEBI.
h) The purchase of units may also be suspended if,
in the Trustee's or AMC’s view, increasing the
Scheme's size any further may prove
detrimental to the existing unitholders.
In the above eventualities, the time limits
indicated in the Scheme Information
Document, for processing of requests for
purchase of units will not be applicable.
The approval of the Board of UTI AMC and the
Trustee giving details of circumstances and
justification for the suspension of subscriptions
shall be informed to SEBI in advance.
26. Maturity / Redemption of Units
i. Redemption will be effected on receipt of the
unit certificate / Account statement along with
the redemption request slip / composite service
form or such document duly completed in all
respects as may be prescribed from time to time,
from the KYC complied investors.
ii. Partial redemption under a folio shall be
permitted subject to the unitholder maintaining
the prescribed minimum balance to be reckoned
with reference to the redemption price
applicable as on the date of acceptance of the
redemption application. Where the balance
amount so calculated is found to be less than the
prescribed minimum balance, UTI AMC may
compulsorily redeem the entire outstanding
holding of the unitholder without any fresh
application for redemption of the balance
holding and pay the proceeds to the unitholder.
iii. No interest shall, on any account, except as
prescribed under SEBI (MF) Regulations be
payable on the amount of redemption due to the
applicant as prescribed by SEBI.
iv. The receipt of the unitholder for any moneys
paid to him in respect of the units indicated in
the unit certificate / Account Statement shall be
a good discharge to the Mutual Fund.

v. The cost of remittance or of realisation of
cheque or draft sent by UTI AMC shall be borne
by the applicant.
vi. In case of NRI / FII/FPIs unitholders,
redemption proceeds will currently be paid in
the manner indicated below:
NRI unit holders:
a. Where units had been purchased by the unit
holders while he was a resident in India or
out of funds held in his NRO Account or
out of proceeds from his NRSR/ NRNR
deposits, the proceeds can be sent to his
bankers in India in rupees for credit to his
NRO account.
b. If the investment had been made by the unit
holders out of funds in his NRE account or
by rupee draft purchased from a bank /
exchange house operating abroad or
received as gift from another NRI out of the
donor’s NRE account or by rupee draft
purchased by him/her from a bank abroad,
the redemption proceeds could be credited
to his NRE / NRO account provided he
continues to be an NRI at the time of
redemption.
c. In other cases payment will be made in
rupees for credit to his NRO account.
FII/FPIs unit holders:
Where units were acquired by an FII/FPI
out of its special Non-Resident Rupee
Account maintained in India, the
termination proceeds will be drawn payable
to the same/similar Non-Resident Rupee
Account maintained in India by the FII/FPI.
27. Settlement of Claim
(a) In the event of the death of the unitholder, the
joint holder(s)/nominee/legal representative of
the unitholder, if he/she is otherwise eligible
for joining the scheme as unitholder, shall be
permitted to hold the units and become a
unitholder. In that event a fresh Account
Statement will be issued in his/her name in
respect of units so desired to be held by
him/her, subject to his/her complying with the
condition of minimum holding and the required
procedure as may be prescribed by UTI AMC
from time to time.
In the event of the death of the karta of HUF,
the new Karta of HUF may, if he is otherwise
54
UTI MF SAI (31.3.22)
eligible for joining the scheme as unitholder,
shall be permitted to hold the units as Karta of
HUF subject to complying with the required
procedure as may be prescribed by UTI AMC
from time to time.
(b) If the joint holder/nominee/ legal
representative of the unitholder is not eligible
to join the scheme or he/she though eligible,
opts for redemption and also in cases where no
nomination has been made, the claimant (i.e.
joint holder/nominee/legal representative of
the unitholder, as the case may be) on
surrender of Unit Certificate / the latest
Account Statement or any such other
document, as may be prescribed from time to
time, issued to the deceased unitholder and on
due compliance with the procedural
requirements, as may be prescribed by UTI
AMC for recognition of such claims, he/she
shall be paid redemption proceeds of the units
outstanding to the credit of the deceased
unitholder as on the date of such acceptance.
In such case/s, no Exit load will be charged on
redemption.
(c) If the joint holder/nominee/legal representative
of unitholder opts for redemption in units, the
activities of registration of death and securing
the title of the claimant will be carried out on
completion of all the necessary formalities and
thereafter the redemption will be processed.
The date of acceptance for redemption will be
taken on completion of death claim settlement
within 10 working days or date of settlement
of claim whichever is earlier.
(d) Documents to be submitted will depend on the
current value of the folio.
ix. Right to limit Redemption:
Please refer clause ‘V (B) – Legal Information’
for details.
28. Restrictions on purchase and redemption of
units:
Notwithstanding anything contained in any
provision of the scheme, UTI AMC shall not be
under any obligation to sell or redeem units:
i) If it is not a business day as announced by
UTI AMC for this scheme.

ii) During book closure period/s, if any, (not
exceeding 15 days in a financial year) when
the register of unitholders is closed for any
purpose as notified by UTI AMC and
iii) On such days which the Trustee decides not
to sell / redeem units as indicated in clause ‘V
(B) – Legal Information.
29. Unclaimed Redemption/ Dividend Amount:
As per SEBI guidelines, the unclaimed redemption
and dividend amounts, that were allowed to be
deployed only in call money market or money
market instruments, are also allowed to be invested
in a separate plan of Liquid scheme / Money Market
Mutual Fund scheme floated by Mutual Funds
specifically for deployment of the unclaimed
amounts.
As per the regulations, AMC shall not charge any
exit load in this plan and TER (Total Expense Ratio)
of such plan shall be capped at 50 bps. The
investment management and advisory fee charged
by the AMC for managing unclaimed amounts shall
not exceed 50 bps. The list of names and addresses
of investors in whose folios there are unclaimed
amounts shall be provided on UTI MF Website.
Investors who claim the unclaimed amounts during a
period of three years from the due date shall be paid
initial unclaimed amount along-with the income
earned on its deployment. Investors, who claim
these amounts after 3 years, shall be paid initial
unclaimed amount along-with the income earned on
its deployment till the end of the third year. After the
third year, the income earned on such unclaimed
amounts shall be used for the purpose of investor
education.
The Fund will make continuous efforts to remind
the investors through letters to take their unclaimed
amounts.
xii. Bank account particulars of applicant
/ unitholder - Despatch of
Repurchase/ Redemption Cheque/
Demand Draft/ Dividend Distribution
Warrant:
(a) In order to avoid fraudulent encashment of
redemption cheque/Demand Draft/Dividend
Distribution Warrants (DDWs), SEBI has
made it mandatory for unitholders, to
furnish their bank account particulars i.e.
nature of account, account number and
name and address of the bank branch along
with pin code. The unitholders are also
55
UTI MF SAI (31.3.22)
required to furnish the 9 digit bank and
branch MICR code number / IFSC Code in
the application for payment to the bank
account of the unitholder through the
various modes as indicated below.
As per the existing regulatory guidelines, it
is directed to validate the bank account of
investor and pay the redemption proceeds
only to the validated bank account. In order
to validate the bank account, investors are
required to furnish CBS bank account
number. In the event of non-validation of
bank account, the redemption will be
rejected.
(b) The applicants/unit holders by signing
application form for subscription to units
gives their consent to UTI AMC/UTI MF to
despatch repurchase/redemption/ dividend
distribution cheque/warrant/demand draft
either through post office or courier, or for
making payment directly to the unit
holder’s bank account through available
modes, such as ECS/ RTGS / NEFT
/Aadhaar Payment Bridge System (APBS),
etc., depending upon availability of
appropriate bank details and overall
feasibility.
Applicants/unit holders also authorize UTI
AMC / UTIMF / Registrars/ various KYC
Registration / Authentication Agencies to
refer/share their details to any of the
appropriate authorities including Unique
Identification Authority of India (UIDAI) /
KYC Registration / Authentication
Agencies etc. for verification purpose.
Once the dividend / redemption payment is
directly credited to the unit holder’s bank
account, subject to feasibility, the investor
shall be intimated about the credit. The
investors should verify the status of credit
with their bank account directly.
(c.) For removal of doubt, it is clarified that
having despatched payment/advice through any
one of aforesaid modes, in the event of non-
delivery /non-credit of the
maturity/redemption/dividend distribution
cheque/warrant/demand draft and / or wrongful
encashment of the said cheque/warrant/demand
draft so mailed, UTI AMC will not, at all, be

liable for the same.
Unit holders shall be required to communicate
the change of address and/or change of bank
particulars along with requisite supporting
documents to UTI AMC or its Registrar (either
vide Under Certificate of Posting (UPC) or by
depositing at Official Points of Acceptance as
per the format prescribed from time to time in
this regard) immediately after such change/s
and in any case within 30 days from such
change/s. If the unit holder does not
communicate his/her/its new address and/or
new bank particulars to UTI AMC or its
registrar within 30 days from such change/s,
the instrument towards payment of
dividend/redemption/maturity or any such
payment which is due and payable, will be
made as per the bank particulars already
recorded with UTI AMC or its Registrar and
will be dispatched/communicated to the such
recorded address of the unit holders. In such
case, UTI AMC shall not be responsible or
liable for non-receipt of the said instrument or
its wrongful encashment.
30. Consolidated Account Statement (CAS):
Whenever a transaction takes place in the folios
of an investor during a month, the CAS will be
issued for each calendar month as per the
timeline specified by SEBI from time to time,
on or before 15th day of the succeeding month,
detailing all the transactions and holding at the
end of the month of such schemes including
transaction charges paid to the distributor, if
any, across all schemes of all Mutual Funds.
 For the purpose of issuing CAS, Permanent
Account Number (PAN) of the first holder
will be used for identifying the common
investors across schemes of Mutual Funds.
 In order to receive CAS, unitholders are
requested to update their PAN across all
investments in UTI Mutual Fund
 Where PAN is not available in our records,
the CAS to the extent technically feasible
across schemes of UTI Mutual Fund or
across schemes of all Mutual Funds
handled by its Registrar & Transfer Agency
(RTA)/Mutual Fund industry or individual
account statement, as may be decided, may
be issued.
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UTI MF SAI (31.3.22)
 The unitholders/investors will continue to
receive information / account statement /
transaction confirmation by way of email
and/or SMS at his/her registered email ID
and/or mobile numbers as soon as possible
but not later than five working days from
the date of closure of the initial subscription
list and/or from the date of receipt of the
request for account statement.
 CAS through email or physical or both may
be sent to the registered email ID/registered
address, as may be decided by UTI AMC
from time to time.
 Unitholders are requested to update their
email ID and mobile numbers so as to
receive electronic communication faster.
 The ‘transaction’ for the purpose of CAS
would include purchase, redemption,
switch, dividend payout, dividend
reinvestment, Systematic Investment Plan
(SIP), Systematic Withdrawal Plan (SWP),
Systematic Transfer of Investment Plan
(STRIP), bonus transaction and merger, if
any.
 Following Folios, shall be exempted for
issuance of CAS:
 Units held in minor’s name
 Folios where units are held by way of
unit certificates.
 In case of UTI CCF, where the
investment is made by Government
departments like District Health
Department, Women’s Development
Corporation, Bihar etc. in favour of
beneficiary children
 One UTI Mutual Fund scheme invests
in other UTI Mutual Fund scheme/s
 Folios under Micropension
arrangement.
 CAS as above will also be issued every half
yearly (September/March), on or before 21st
day of succeeding month as per the timeline
specified by SEBI from time to time
detailing holding at the end of the six
month, across all schemes of all Mutual
Funds, to all such investors in whose folios
no transactions has taken place during that
period. Folios with merger of schemes,
Micropension, units under lock-in period of
ELSS schemes, STOP mark, units held in
demat mode, units held by way of unit
certificates and folios where non-
commercial transactions have taken place
during the period will be excluded for

issuing ‘no transaction’ CAS/account
statement.
 The methodology of ‘no transaction’ CAS
will be more or less on the lines of
transaction CAS.
 S-CAS : SEBI vide their circular
CIR/MRD/DP/31/2014 dated 12th
November, 2014, had decided to enable a
single consolidated view of all the
investments of an investor in Mutual Funds
& Securities held in ‘Demat’ form with the
Depositories and the same has been
implemented from March 2015.
Accordingly, the modifications made to the
existing guidelines on issuance of CAS are
as follows:
(I) The unit holders who do not have
Demat account shall continue to
receive the Consolidated Account
Statements (CAS) as per the existing
practice.
(II) For unit holders having Mutual Fund
(MF) investments and Demat Account
- 31/2014 dated November 12, 2014
a. Such Investors shall receive a
single Consolidated Account
Statement (CAS) from the
Depository.
b. Consolidation shall be done on the
basis of Permanent Account
Number (PAN). In case of
multiple holding, it shall be PAN
of the first holder and pattern of
holding.
c. In case an investor has multiple
accounts across two depositories,
the depository with whom the
Demat account has been opened
earlier will be the default
depository which will consolidate
the details across depositories and
MF investments and dispatch the
CAS to the investor.
d. The CAS will be generated on
monthly basis.
If there is any transaction in any of
the Demat accounts of the investor
or in any of his mutual fund folios,
depositories shall send the CAS on
or before 15th day of the
succeeding month detailing all the
transactions and holding at the end
57
UTI MF SAI (31.3.22)
of month including transaction
charges paid to the distributor, if
any, across all schemes of all
mutual funds or as per the timeline
specified by SEBI from time to
time.
e. In case, there is no transaction in
any of the mutual fund folios and
demat accounts, then CAS with
holding details shall be sent to the
investor on half yearly basis on or
before the 21st day of succeeding
month or as per the time line
specified by SEBI from time to
time.
f. UTI AMC shall ensure that whenever
distributable surplus is distributed, a clear
segregation between income distribution
(appreciation on NAV) and capital
distribution (Equalization Reserve) shall
be suitably disclosed in the Consolidated
Account Statement provided to investors
as required under Regulation 36(4) of
SEBI (Mutual Funds) Regulations, 1996
and SEBI Circular No. CIR/MRD/ DP/
g. The dispatch of CAS by the depositories
shall constitute compliance by UTI AMC/
UTI Mutual Fund with the requirements
under Regulation 36(4) of SEBI (Mutual
Funds) Regulations, 1996.
31. Friend in Need
“Friend in Need” is available for the
Individual investors (Resident as well as
Non-resident) of UTI MF under all the
schemes, whereby there will be an option to
furnish the contact details including name,
address, relationship, telephone number and
email ID of any person other than the
applicant/s and nominee. This will facilitate
obtaining the latest contact details of the
investors, if UTI MF is unable to establish
contact with the investors. The details are:
1. Communication in any form shall be sent to
the investor’s registered address or Email
ID, if available, at least for two occasions.
If no response is received from the investor
for the above, the ‘Friend In need’ details
made available by the investor shall be

contacted to obtain the latest contact details
of the investors.
2. The investment details of the investor such
as Folio no., scheme name and units held
etc. shall not be disclosed to the ‘Friend in
Need’, while contacting the ‘Friend in
Need’ in such cases.
3. UTI MF shall make efforts to contact the
investor, based on the latest contact details
received from the ‘Friend in Need’.
4. Necessary due diligence including
obtaining additional documentation shall be
carried out by UTI MF to establish
genuineness of the investor, once the
contact is established with the investor.
5. Investors must ensure that if a ‘Friend in
Need’ is designated, he/she should be a
person of integrity and confidante in the
opinion of the investor, designating
him/her, to avoid associated risks, which
will be at the sole risk, cost and
consequence of the investor.
6. Above facility is available to both existing
and the new investors.
7. Investors shall keep UTI MF updated in
case of any changes in the details of ‘Friend
in Need’, as and when such changes are
required and in any case within 30 days
from the date of such changes.
32. Data Enrichment:
Wherever Investor has not provided his/her
email address, Mobile Number or Core
Banking Account Number (and IFS Code)
in respect of their already registered bank
account, UTI AMC Ltd. may obtain such
information from the authorized entities
such as ‘Know Your Client’ (KYC)
Registration Agencies, Channel Partners,
MFU, Investor’s Bank, through AMFI
appointed aggregators for the purpose of
issuing Consolidated Account Statement
(CAS) based on the same PAN, or any
other regulated entity and update the
records of the Investor. Upon updation of
such information, the unit holders shall be
informed about the same by letter sent to
their registered address, with a request to
revert us in case of modification necessary,
if any, in the information so updated.
 Updation of contact details:
As per AMFI Best Practice Guidelines
circular no. 97 dated 28th March 2022, the
58
UTI MF SAI (31.3.22)
contact details i.e. email ID and/or mobile
number is to be validated by receiving
electronic confirmation. The contact details
which are not validated will not be
registered in the folio.
In case the investors desire to register any
of the contact details of any of the family
member, the declaration is to be provided in
the application at the time of investing or
by way of separate letter.
In case of change of both email and Mobile
number in an investor folio, there shall be a
cooling period of 10 days for acceptance of
change of bank mandate digitally.
33. Procedure for updation of investor status
from Minor to Major: (Minor attaining
Majority):
The minor unit holder, on attaining majority,
[hereinafter referred as ‘Major’] shall inform the
same to UTI Mutual Fund /Registrar and submit
the following documents to change the status of
the unit holder in the folio from ‘Minor’ to
‘Major’:
(a) Duly filled request form for changing the
status of holding from ‘Minor’ to ‘Major’.
The signature of Major in the request form is
to be mandatorily attested by the Guardian /
Donor who had signed the original
application. An additional document towards
photo ID proof of the major is to be
submitted. However, in case of unfortunate
event of death of the Guardian / Donor who
had signed original application, the signature
of Major is to be attested by the bank where
the Major is holding the account, registered/to
be registered in the folio. Further, in such
cases, an additional document viz. death
certificate of Guardian / Donor should be
submitted.
In the event the Guardian / Donor who had
signed original application form is not
available to attest the signature of Major is to
be attested by the bank where the Major is
holding the account, registered/to be
registered in the folio. Further, in such cases,
an additional document of the major viz. valid
proof of investment or copy of passport duly
verified by original at the UFC OR KYC

complied with KRA or any other procedure
specified by UTI AMC Ltd. such as in person
verification including taking photograph of
the unit holder, obtaining Identity proof etc.
will be followed. The details of documents for
Identity proof, investment proof to be
submitted / accepted are available in the
service request forms.
(b) Valid photo ID proof
(c ) Documents required for updation of bank
details in the absence of registered bank details
in the folio (including investment proof) or
change of bank details.
(d) The beneficiary child has to be KYC complied.
Pursuant to SEBI Circular No.
SEBI/HO/IMD/DF3/CIR/P/2019/166 dated
December 24, 2019, the following uniform
process shall be applicable with immediate
effect for investments made in the name of a
minor through a guardian.
a. Payment for investment by means of Cheque,
Demand Draft or any other mode shall be
accepted from the bank account of the minor or
from a joint account of the minor with the
guardian only. For existing folios, investors are
required to submit Form for Change of Payout
Bank account details along with the required
documents, before redemption.
b. Upon the minor attaining the status of major,
the minor in whose name the investment was
made, shall be required to provide all the KYC
details, updated bank account details including
cancelled original cheque leaf of the new
account. No further transactions shall be
allowed till the status of the minor is changed to
major.
c. The standing instructions registered for
Systematic Investment Plan (SIP), Systematic
Transfer Investment Plan (STRIP), Systematic
Withdrawal Plan (SWP), Transfer of Income
Distribution cum capital withdrawal plan (TIP),
etc., shall be suspended when the minor attains
majority, till the status is changed to major.
Change in name along with MAM: In case of
request for change in name of the minor child at
the time of registering MAM, a copy of Gazette
Notification is required to be submitted.
However, in lieu of Gazette notification, the
major may submit documents such as duly
executed Bond of indemnity cum affidavit on
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UTI MF SAI (31.3.22)
the stamp paper of appropriate stamp value (as
per the format prescribed by UTI AMC Ltd.),
Photo ID proof having date of birth and Proof of
investment OR Valid proof of relationship with
the guardian (birth certificate, passport, school
leaving certificate where name of guardian
should match with name as per records.) OR
any other procedure specified by UTI AMC Ltd.
such as in person verification including taking
photograph of the unit holder, obtaining Identity
proof etc. The details of documents for Identity
proof, investment proof to be submitted /
accepted are available in the service request
forms.
34. Non commercial transaction submitted along
with commercial transaction:
If a non commercial transaction such as change
in status of unit holder from Minor to Major,
Resident to Non Resident and vice versa,
change in name due to marriage/divorce etc.
submitted along with redemption/switchover of
units, such non commercial transactions will be
completed first after due compliance with the
necessary formalities and thereafter the
redemption/switchover will be processed. In
such cases, the date of acceptance for
redemption/switchover may be taken as the
date when the request for non-commercial
transaction is completed or 10th working day of
the combined request received, whichever is
earlier, as may be decided by UTI AMC Ltd.
35. (A) MF Utilities India Private Limited
(MFUI) appointed as Official Point of
Acceptance (OPA)
All financial and non-financial transactions
pertaining to Schemes of UTI Mutual Fund
excluding UTI CCF- Savings Plan, UTI CCF-
Investment Plan, UTI Retirement Benefit
Pension Fund and UTI ULIP are available
through MFU either electronically on
www.mfuonline.com as and when such a
facility is made available by MFUI or physically
through the authorized Points of Service
(“POS”) of MFUI with effect from the
respective dates as published on MFUI website
against the POS locations. The list of POS of
MFUI is published on the website of MFUI at
www.mfuindia.com as may be updated from
time to time.

The Online Transaction Portal of MFU i.e.
www.mfuonline.com and the POS locations of
MFUI shall act as OPA of UTI AMC in addition
to the existing OPAs. Investors shall note that
any transaction submitted at the POS of MFUI
will be routed through MFUI or as may be
decided by AMC. Investors not registered with
MFUI can also submit their financial and non
financial transactions request at MFUI POS by
giving reference of their existing UTI MF folio
number. All valid application received for any
other scheme apart from eligible schemes as
stated above may be accepted by UTI AMC at
its own discretion.
The uniform cut-off time as prescribed by SEBI
and as mentioned in the SID / KIM of respective
schemes shall be applicable for applications
received by MFUI. However, following is to be
noted:
In case of investments of any amount, the
applicability of NAV will be subject to the date
and time of receipt of credit of amount to the
specified bank account of AMC. AMC will not
be responsible for any delay or omission
whatsoever, on the part of MFUI.
Investors should note that all financial and non-
financial transactions under the schemes of UTI
Mutual Fund by MFUI shall be subject to the
eligibility of the investors, any terms &
conditions, document requirements and
procedures as stipulated by UTI Mutual Fund /
UTI AMC Ltd. from time to time, in addition to
the conditions specified by MFU, if any.
Investors are requested to note that, MFUI will
allot a Common Account Number (“CAN”), a
single reference number for all investments in
the Mutual Fund industry, for transacting in
multiple Schemes of various Mutual Funds
through MFU and to map existing folios, if any.
Investors can create a CAN by submitting the
CAN Registration Form (CRF) and necessary
documents at the MFUI POS. The AMC and / or
its Registrar and Transfer Agent (RTA) shall
provide necessary details to MFUI as may be
needed for providing the required services to
investors / distributors through MFU after
following the necessary procedure prescribed by
UTI AMC. Investors are requested to visit the
websites of MFUI or the AMC to download the
relevant forms.
60
UTI MF SAI (31.3.22)
For any queries or clarifications related to MFU,
please contact the Customer Care of MFUI on
1800-266-1415 (during the business hours on all
days except Sunday and Public Holidays) or
send an email to clientservices@mfuindia.com
(B) MFCentral a digital platform for Mutual
Fund investors developed by qualified R&T
Agents (QRTAs)
Based on the SEBI circular no
SEBI/HO/IMD/IMD- II DOF3/P/CIR/2021/604
dated July 26, 2021, to comply with the
requirements of RTA interoperable Platform for
enhancing investors’ experience in Mutual Fund
transactions / service requests, the Qualified
R&T Agents (QRTAs), KFin Technologies
Limited and Computer Age Management
Services Limited (CAMS) have jointly
developed MFCentral – A digital platform for
Mutual Fund investors.
MFCentral is created with an intent to be a one
stop portal / mobile app for all Mutual fund
investments and service-related needs that
significantly reduces the need for submission of
physical documents by enabling various digital /
physical services to Mutual Fund investors
across Fund Houses subject to applicable Terms
& Conditions (T&C) of the Platform.
MFCentral will be enabling various features and
services in a phased manner. MFCentral may be
accessed using https://mfcentral.com/ and a
Mobile App in future.
With a view to comply with all provisions of the
aforesaid circular and to increase digital
penetration of Mutual funds, the Mutual Fund
has designated MFCentral as its Official Point
of Acceptance (DISC – Designated Investor
Service Centre) w.e.f. October 05, 2021.
Any registered user of MFCentral, requiring
submission of physical document as per the
requirements of MFCentral, may do so at any of
the designated Investor Service Centres or
Collection Centres of KFintech or CAMS
36. Acceptance of switchover facility request on
maturity of close ended schemes
A. In order to provide convenience to the unit
holders of close ended schemes (‘Maturing

Scheme’) of UTI Mutual Fund, an
additional facility to switchover the
maturity proceeds to eligible open ended
schemes and ongoing New Fund Offers, if
available, on date of maturity of ‘Maturing
Scheme’ is being made available through
the e-mail id registered in the folio, on
prospective basis, with effect from August
29, 2016.
1. This facility will be available only for
‘Individual’ category of investors having
registered e-mail ID in the folio and having
holding investments on a ‘Single’ or
‘Anyone or survivor’ basis in the concerned
folio.
2. Prior to maturity date, the unitholders of
‘Maturing Scheme’ will be informed about
the scheme’s impending maturity by way of
e-mail communication to their registered e-
mail ID in the folio and providing an online
link in the e-mail. On clicking the online
link, provided in the mail, unitholder will
be directed to an “online switchover facility
request form”. The unit holder will be
required to fill the information requested in
the said form and submit the same through
online mode only.
3. If the unitholder opts for the ‘online
Switchover facility’, the unit-holder is not
required to provide the physical signed
switchover form.
4. UTI AMC/UTI Mutual Fund may enable
any verification process including one-time
password which will be sent to the
registered E-mail ID/Mobile number, as
may be decided from time to time for
securing the transaction.
5. The investor can avail partial or all units
switch either under regular or direct plan.
6. These switch transactions shall also be
governed by the terms and conditions
applicable for transactions done through the
website of UTI Mutual fund i.e.
www.utimf.com
B. All category of Unit holders of close ended
scheme (‘Maturing Scheme’) may also
submit physical switch request in advance,
as may be decided by UTI AMC prior to
the maturity date of the ‘Maturing Scheme’
, by submitting the duly signed request
form to our Official Points of Acceptance.
The Unitholder shall indicate the Scheme
name including the Plan(s) and Option(s)
61
UTI MF SAI (31.3.22)
thereunder into which they intend to switch
the maturity proceeds of the ‘Maturing
Scheme’.
C. (i) The transaction date for NAV
applicability for above both online and
physical mode shall be the maturity date of
‘Maturing scheme’. For switch in scheme,
the NAV applicability will be as per the
Scheme Information Document (SID) of the
respective switch-in scheme/s.
(ii) For the switch to be effective, the
switch must comply with subscription rules
of the Scheme in which units are being
switched (e.g. eligible to apply, minimum
amount etc.) as per SID of respective
switch-in scheme.
(iii) Investors are requested to note that
such advance switch out requests once
submitted cannot be cancelled
subsequently.
(iv) In case of multiple/conflicting switch
requests received from any of the modes
(online and physical), the switch request
received nearest to the expiry of specified
period may be considered on a best effort
basis, over the earlier switch requests
received from the investor for the purpose
of switch-in.
(v) In case, the switch application does not
comply with the above or is not found to be
in order, UTI AMC/UTI Mutual Fund
retains the sole and absolute discretion to
reject/not process such application and pay
the maturity amount to the investors/unit-
holders as per the provisions of the SID of
the ‘Maturing Scheme’ and shall not be
liable for any such rejection. Further, the
UTI AMC /UTI Trustee Company P Ltd /
UTI Mutual Fund / Sponsors shall not be
liable for any loss due to subsequent
movement in NAV.
37. Commercial Transactions (viz. Purchase
/ Redemption / Switches) through
Designated E-mail / Fax
The facility of carrying out commercial
transactions through Designated E-mail /
Fax, in units of UTI Mutual Fund Schemes,
is available for the following categories of
Investors, with immediate effect, subject to
the following terms and conditions. UTI
AMC declares its Designated E-mail / Fax

server as one of the Officials Points of
Acceptance.
Following investors may transact through
designated fax and email, who are KYC
(Know Your Client) Compliant:
(i) a body corporate including a company
formed under the Companies Act,
1956/2013 or established under State or
Central Law for the time being in force;
(ii) a bank including a scheduled bank, a
regional rural bank, a co-operative bank;
(iii) an eligible trust under the relevant
scheme;
(iv) an eligible society under the relevant
schemes;
(v) any other institution;
(vi) Army/Navy/Air Force/Paramilitary Fund
and
(vii) Any other category of investors, as may
be decided by UTI AMC from time to
time.
Only Commercial transactions i.e.
Purchase, Redemption and Switches shall
be accepted through designated fax and
email.
When the investor transacts through designated
fax and email, the following additional terms
and conditions shall apply to the
financial/commercial transactions received
through this mode, which shall be irrevocable
and binding on the investor:
1. Investor agrees that based on the scanned
image of application for purchase,
redemption or switches, the transaction will
be processed subject to receipt of the
subscription amount in case of purchase
and subject to signature verification in case
of redemption and switches. The receipt of
such scanned image by UTI AMC at
designated fax or email id shall be deemed
sufficient for effecting the transaction
without the receipt of original application.
Investor further agrees to keep in its
records, the original application and
provide the original application as and
when required by UTI AMC.
2. All transaction requests will be deemed to
be valid, where applications, transaction
slips, forms, supporting documents are
received at the designated fax/email id.
62
UTI MF SAI (31.3.22)
3. The timestamp will get generated and
affixed on the transaction request once it is
received on the server/system of the UTI
AMC.
4. This facility will be provided subject to
provisions of cut off timing for applicability
of NAV and time stamping requirements, as
amended by Securities and Exchange Board
of India (SEBI) from time to time and any
other applicable laws, rules and regulations
as may be enforced from time to time.
For the purpose of determining the
applicable NAV in accordance with SEBI
(Mutual Funds) Regulations, 1996, the
system generated date and time on the
transmitted email / fax received at server /
system of the UTI AMC and availability of
funds for utilization for the same shall be
considered.
5. The UTI AMC reserves the right to
change/add the Designed fax/email id(s)
from time to time.
6. The UTI AMC shall act in good faith and
shall take necessary steps in connection
with the email/fax requests received
regardless of the value involved and the
same shall be binding on the investor. The
UTI Mutual Fund (UTI MF), UTI Trustee
Company Pvt. Ltd. (Trustee) or UTI AMC
will not be held responsible/liable for any
loss, if any, suffered by the investor or any
other person for processing such
transactions.
7. The investor acknowledges that it is in the
nature of telecommunication services that
transmissions may not be properly received
and may be inadvertently read or may be
erroneous or made known to unauthorised
persons. Investor agrees that all the risks,
errors or breaches shall be borne by the
investor and the UTI MF, Trustees, UTI
AMC shall not be responsible/liable for any
claims, liability, loss, damage, cost or
expenses arising from such risks, errors or
breach of confidentiality.
8. At the request of the investor, UTI AMC is
hereby requested and authorised, but is not
obliged, to process the transactions as per
email/fax submissions received from time
to time from investors and otherwise to rely
upon and act in accordance with email/ Fax
Submission which is signed, or is believed
to have been signed by any person
authorised by the documents governing the

arrangement between the UTI AMC and the
Investor.
9. It is further mutually agreed that if any
other permission is required under the
provisions of law for processing such
requests / instructions, the investor shall be
solely liable and responsible for any failure
to comply with such provisions of laws,
rules and regulations. The investor will
keep the UTI MF, Trustee, UTI AMC fully
absolved and indemnified with respect to
any violation of such laws, rules and
regulations and consequences thereafter in
case of such violation mentioned
hereinabove.
10. It is agreed by the parties that the UTI
AMC need not confirm (whether orally, in
writing or otherwise) any email / fax
Submission or verify the identity of the
person making or giving or purporting to
make or give any email/ fax Submission.
11. Investor agrees that security procedures
adopted by UTI AMC may include
signature verification, telephonic call backs
or a combination of the same, that may be
recorded by tape recording device and
investor consents to such recording and
agrees to co-operate with the UTI AMC to
enable confirmation of such electronic
transactions. However, the UTI AMC shall
be under no duty to prescribe or adopt any
procedures for the purpose of such
confirmations or verification and any such
procedure prescribed or adopted by UTI
AMC shall not impose upon the UTI AMC
any obligation to adopt or comply with the
same in any or every instance.
12. Investor irrevocably and unconditionally
agrees to fully indemnify and save harmless
the UTI MF, Trustee and the UTI AMC
from and against all claims, liability, loss,
damage, costs, expenses or any other
outgoings incurred by them arising out of or
relating to:
(a) UTI AMC acting in good faith,
pursuant to, in accordance with or
relying upon any email/ fax requests
received or UTI AMC not
acting/processing or wrong processing
of the email / fax requests for any
reason.
(b) Any submission received by the UTI
AMC that UTI AMC in good faith
63
UTI MF SAI (31.3.22)
believes to be a email/fax submission
from the investor and
(c) Any unauthorised or fraudulent
email/fax request received by the UTI
AMC.
Further, the facility to carry out financial
transactions through designated Email to all
non-institutional investors (including
individuals) shall be with following additional
clauses: -
1. This facility is available for all open-ended
schemes except Exchange Traded Funds.
2. Only additional purchase, redemption and
switch transactions shall be accepted on the
designated email id.
3. The purchase/redemption/switch request
shall be received from the registered email
ID of the investor. In case such request is
received from an unregistered email id, UTI
AMC may, its sole discretion, process the
same after carrying out necessary
validations/ due diligence.
4. Transaction requests can be sent to
utitransact@kfintech.com (designated email
id) , which will be dedicated for receiving
all the transaction requests. UTI AMC
reserves the right to change/add the
Designated email ID(s) from time to time,
and the same shall be updated on our
website www.utimf.com.
5. In case of additional purchase request,
funds will have to be received though
electronic mode only such as
NEFT/RTGS/Bank Transfer in the
designated bank account of the scheme, and
transactions will have to be accompanied
with proof of transfer of funds from
existing registered bank account of the unit
holder. The details of designated bank
account of the scheme shall be updated and
made available on our website
www.utimf.com.
6. Investors shall co-operate with additional
security procedures, as may be specified by
UTI AMC from time to time.
7. Investors shall abide with terms and
conditions, as may be specified by UTI
AMC from time to time.

38. "UTI-FAMILY"(Father And Mother I Love
You)
The facility titled "UTI-FAMILY" was
introduced with the objective to provide periodic
payouts to the parent from the investments of
their children. The details are as under:
A. The facility is available to new and existing
investors.
B. The facility is available under the Growth option
for both Regular and Direct plans of UTI Regular
Savings Fund, UTI Multi Asset Fund & UTI
Hybrid Equity Fund. The existing unitholders,
who have investments under Growth option of
eligible schemes, can apply for "UTI-Family”
Facility by filling the registration form.
UTI MF SAI (31.3.22)
certificate, etc., wherein the name of
specified parent is mentioned.
2) Copy of Cancelled cheque leaf of the Bank
account or Copy of Bank Statement/Passbook
of beneficiary parent.
G. The amount will be minimum Rs.1,000/- and in
multiples of Rs.100/- thereof. Minimum number
of monthly installments would be 12.
H. If no specific amount is mentioned by the
unitholder for Growth option sharing, then the
default specified amount will be Rs.1,000/- per
month. The additional subscription of units in the
given unitholder/s account where “UTI-Family”
facility is active, will automatically be included
in the said facility till the number of installments
opted are paid.

C. The existing unitholders who have their I. At one particular time, only one SWP of a
investments under IDCW Payout/ IDCW specified amount under the “UTI-Family”
Reinvestment option of the eligible schemes and facility per scheme shall be processed to the
are desirous to opt for “UTI-Family” facility will beneficiary.
have to submit a duly filled Switch application
form to UTI Mutual Fund or our R&T Agent, J. The opted amount will be paid to the beneficiary
M/S KFIN Technologies Ltd. for switching their by redeeming the corresponding units at the First
units from IDCW Payout/ IDCW Reinvestment In First Out (FIFO) basis and the unit holder's
option to Growth option at the applicable NAVs holdings will be reduced to that extent on the
of the respective Options. Please refer Scheme first business day of each month, at the
Information Document of respective scheme/s applicable NAV on that day, as the case may be,
for switch provisions. post deduction of applicable load charges, if any,
and applicable Securities Transaction Tax (STT)
D. The said facility is similar to Systematic [0.001% at present], as under.
Withdrawal Plan (SWP), where the 1st unitholder Redemption Redemption
in case of Single / “Anyone or Survivor” mode of with NIL exit with Exit
holding and all unitholders in case of Joint load Load
holding will apply for the facility and thereby (Case I) (Case II)
will opt for monthly payment to either Father or A Investor's
Mother specifying the amount to be paid. The outstanding
payment to the beneficiary would commence units in
after the period of 7 days from the date of XYZ
submission of valid form. scheme as
on 31st
E. The beneficiary parent has to be KYC [Know March
Your Client] compliant. 2021.
Investor 1609.969 1609.969
F. Supporting documents: The unitholders are has opted
required to submit following documents together for sharing
with the form for registration of “UTI-Family” of Rs.
facility: 1100/‐ to
1) Proof of relation such as Ration card, parents
Passport, PAN card, Birth Certificate, School under UTI-
Leaving certificate, University degree Family
facility

64
 UTI MF SAI (31.3.22)
B Specified be discontinued by UTI AMC in the following
amount situations:
opted by • In the event of change of option under the
Rs.1,100.000 Rs.1,100.000
investor for scheme/s
sharing to • If the units are under pledge/STOP due to
parents any reason.
C Securities • The holding mode is changed from physical
Transaction to dematerialized holdings.
Tax
@0.001% Re.0.011 Re.0.011 M. The investments/payouts under the said facility
on specified will be subject to exit loads, tax & other
sharing provisions of the said scheme.
amount
D Gross N. Investor/s with NRI Status will also be allowed
Redemption to avail the option of “UTI-Family” facility
Rs.1,100.011 Rs.1,100.011 under the said scheme/s subject to applicable
Amount
(B+C) RBI requirements/guidelines including
E NAV of remittance of funds. Income tax shall be
growth deducted at source (TDS) be as per the status of
option as on the unitholder in accordance with the provisions
1st April of the Income Tax Act 1961 and the Rules made
2021 (1st Rs.88.900 Rs.88.900 thereunder. Accordingly, TDS certificate shall be
Business in the name of the unitholder of the scheme/s.
day of
month) O. Under “UTI-Family” facility, the beneficiary is
[Assumed] restricted to only one parent of the first
F Exit Load unitholder i.e. Mother or Father. However, the
@ 1% NIL Re.0.889 unitholder/s under the same folio may choose to
[Assumed] do SWP for self and SWP under “UTI-Family”
G Repurchase facility simultaneously.
Rs.88.900 Rs.88.011
Pric e (E-F)
H Number of P. The First unitholder in case of Single / “Anyone
units or Survivor” mode of holding and all the
12.3736 12.4986 unitholders in case of joint holding has/have the
repurchased
(D/G) option to discontinue the “UTI-Family” facility
I Amount anytime during his/her/their investment in the
payable as scheme provided the unitholder/s submits to UTI
sharing to Rs.1,100.000 Rs.1,100.000 Mutual Fund or our R&T Agent, M/S KFIN
parents Technologies Ltd. a request to discontinue the
((H*G)-C) facility. The facility would be stopped after a
period of 7 days from the date of receipt of such
K. UTI-Family facility will continue till the request.
outstanding unit’s value in the folio is reduced to
‘nil’ or number of instalments opted by the unit Q. In the event of insufficient balance to process all
holder are over. In the event of insufficient the SWPs registered under the folio as on that
balance in the folio i.e. the specified amount date, the SWP shall be processed by giving
opted by the unitholder/s is not available, the preference to the unitholder/s and then to the
corresponding units will not be redeemed, and beneficiary (Father or Mother) as per the details
UTI-Family facility will be closed. mentioned in the application / registration form.

L. In the event of death of the first unitholder, the R. The unitholder/s opting “UTI-Family” facility
“UTI-Family” facility operational under the folio shall take the prior written consent of his/ her/
will cease to exist. Further, the said facility will their parent for sharing the payout through SWP
and it shall be deemed that the unitholder/s have

65

taken such consent. In case of any objection
received by us from the beneficiary parent on the
SWP mandate to his / her Bank account under
“UTI-Family” facility, the unitholder will have to
produce the written consent from his/her
beneficiary parent within 30 days of such
objection, failing which the facility shall be
discontinued.
S. All Commercial transactions and Non-
Commercial transactions requests should be
received from the unitholder/s only.
T. All other terms and conditions remain
unchanged.
39. CanServe
A facility titled “CanServe” has been
introduced for investments (fresh as well as
existing) under the IDCW Payout option,
IDCW Reinvestment option and Growth
options [both Existing Plan & Direct Plan] of
UTI Hybrid Equity Fund, UTI Arbitrage Fund
& UTI Mastershare Unit Scheme as under:
A) ‘CanServe’ facility under IDCW Payout
Option to facilitate Investors who are desirous
to contribute dividend payouts towards a
medical cause. Under the IDCW Payout
option, Investors by opting for ‘CanServe’
Option can donate the dividend payout to be
declared on a prospective basis. The investors
will have a choice to donate either i) 50% of
the dividend declared or ii) 100% of the
dividend declared in future, subject to a
minimum amount of donation of Rs.1000/-. In
case such amount arrived as above is less than
Rs. 1000/-, the entire amount will be paid out
to investor in line with the provisions of the
Scheme/s. Investors may claim tax exemption
under sec 80 G of the Income Tax Act, 1961 to
this effect.
In case the Investor opts for ‘CanServe’ facility
and does not tick either of the options (i) or (ii)
as mentioned above, the default option would
be (i) 50% of the dividend declared.
B) ‘CanServe’ facility under Growth option to
facilitate Investors who are desirous to
contribute a specified sum periodically towards
a medical cause. Under the Growth option,
Investors by opting for ‘CanServe’ facility can
66
UTI MF SAI (31.3.22)
contribute by indicating a specified amount
(Minimum Rs. 1000/- at each half-yearly
payout) to be paid out under this facility by
redeeming corresponding units on semi -
annual basis. If no amount is mentioned by the
Investor, the default ‘specified amount’ will be
Rs.1,000/- per payout period. Such redemption
will be done on the 1st business day of April
and October at the NAV applicable on that day.
In case the value of units held by the Investor
on the specified date is less than the ‘specified
amount’, no units would be redeemed on that
date.
The contributions mentioned above under
A) and B) will go to St. Jude India Child
Care Centres as donation towards medical /
social cause. St. Jude India ChildCare Centres
provides cost-free housing, nutritional support,
counseling, educational and recreational
activities, therapy and yoga to the needy and
under-privileged children who are being treated
for cancer and their families, during the period
of the child's treatment. St. Jude India
ChildCare Centres started operations in 2006
and now has 18 centres in 5 cities with 227
family units located in Mumbai, Delhi,
Kolkata, Hyderabad and Jaipur.
St. Jude India Child Care Centres will issue
certificate towards donation receipt to avail tax
exemption under section 80 G of the IT Act,
1961.
Existing investors may provide a fresh mandate
for availing CanServe Facility by mentioning
their existing folio number in the request form.
The investment under the said facility will
attract the same loads as applicable to normal
investments under the said scheme.
The certificate to be issued to investors in
respect of donation / contribution will be for an
amount post deduction of applicable load
charges, if any, and applicable Securities
Transaction Tax (STT) [0.001% at present]. An
example of calculation in respect of Growth
option is illustrated, for easy understanding of
the investors, as follows:
A Investor’s outstanding 1609.969
units in XYZ scheme as
on 2nd November 2020.
Investor has opted for
contribution of Rs.1100/-
 UTI MF SAI (31.3.22)
towards CanServe 40. Changeover (Change from IDCW Payout/
B Specified Amount opted Rs.1100.000 Reinvestment option to Growth or vice
by investor for donation versa):
towards CanServe
C Securities Transaction Rs.0.011 Investors of all the open-ended schemes except
Tax @0.001% on UTI CCF, UTI RBPF, UTI ULIP, UTI Gold
specified donation ETF, UTI Nifty ETF, UTI Sensex ETF, UTI
amount Bank ETF, UTI Nifty Next 50 ETF and UTI
D Gross redemption Rs.1100.011 S&P BSE Sensex Next 50 ETF, where change
amount (B+C) of option is allowed, the transaction will be
E NAV of growth option Rs.88.900 processed @ applicable NAV under the
as on 1st April 2021 (1st respective option, without charging any load if
business day of next semi any. However, taxes, as applicable, will be
cycle) [Assumed] charged as per the prevailing laws.
F Exit load @ 1% Rs.0.889
(Assuming redemption is 41. Standard Process for treatment of business
within one year) received through suspended distributors
G Repurchase price ( E- F ) Rs.88.011
H Number of units 12.4986 The financial transactions of an investor where
repurchased @ his distributor’s AMFI Registration Number
Rs.88.011 (D/G) (ARN) has been suspended temporarily or
I Amount payable as Rs.1100.00 terminated permanently by Association of
donation ((H*G)-C) Mutual Funds in India (AMFI) shall be
processed as follows with effect from November
1, 2019.
The net amount of Rs. 1100.00 post deduction
of load & Securities Transaction Tax would be
transferred to St Jude India Childcare Centres a) During the period of suspension, no
as per his/her pre-received mandate. St Jude commission shall be accrued or payable to
the distributor whose ARN is suspended.
India Childcare Centres will issue certificate
During the period of suspension,
to the Investor towards donation /
irrespective of whether the suspended
contribution amount of Rs. 1100.00 to avail
distributor is the main ARN holder or a
tax exemption under section 80 G of the IT
Act, 1961. sub-distributor under main ARN holder,
commission on the business canvassed prior
to the date of suspension shall be
Investor can opt out of or cancel the
withheld/forfeited.
‘CanServe’ facility by giving 15 days’ notice
prior to record date for IDCW payout option
and 15 days’ notice before semi-annual payout b) All Purchase, Additional Purchase &
date under Growth option to UTI Mutual Fund Switch transactions, including Systematic
Investment Plan (SIP)/Systematic Transfer
or our R & T Agent, M/S KFIN Technologies
Investment Plan (STRIP) registered prior to
Ltd.
the date of suspension and fresh
All other term & conditions of the above registrations of SIP / STRIP mandates
mentioned schemes will remain the same. received under the ARN of a suspended
“Canserve” is just a term used to denote the distributor during the period of suspension,
facility being offered to investor for shall be processed under "Direct Plan" and
contribution towards Medical/Social cause. It will continue in Direct Plan perpetually*.
does not imply any scheme benefit/s. Suitable intimation shall be sent to unit
holder/s on registered email id.
To know more about St. Jude India ChildCare *On receipt of written request / instruction
Centres, please visit from the first/sole unitholder to shift back
http://www.stjudechild.org/. existing assets, future SIP/STRIP
instalments or both to Regular Plan under
an ARN of the distributor, shall be

67

processed post the revocation of
suspension. Investors may be liable to bear
tax implication as per their tax position on
such transactions.
c) All Purchase and Switch transactions
including SIP/STRIP transactions received
through the stock exchange platforms
through a distributor whose ARN is
suspended shall be rejected.
d) In cases where the ARN registration of the
distributor is permanently terminated, the
unitholders invested through such
distributor shall have the following options:
i. Switch their existing investments
under the Regular Plan to Direct
Plan (Investors will be liable to bear
tax implication as per their tax
position for such transactions); or
ii. Continue their existing investments
under the Regular Plan under
different distributor’s ARN of their
choice.
III. RIGHTS OF UNITHOLDERS OF THE
SCHEME
1. Unit holders of the Scheme have a proportionate
right in the beneficial ownership of the assets of
the Scheme.
2. When the Mutual Fund declares a dividend
under the Scheme, the dividend warrants/ECS
credit advice shall be despatched within 15 days
of the declaration of the dividend. Account
Statement reflecting the new or additional
subscription as well as Redemption / Switch of
Units shall be despatched to the Unit holder
within 10 business days of the Specified
Redemption Date.
3. The Mutual Fund shall dispatch Redemption
proceeds within 10 Business Days of receiving
the Redemption request.
i)
4. The Trustee is bound to make such disclosures
to the Unit holders as are essential in order to
keep the unitholders informed about any
information known to the Trustee which may
have a material adverse bearing on their
investments.
5. The appointment of UTI AMC for the Mutual
Fund can be terminated by majority of the
68
UTI MF SAI (31.3.22)
Directors of the Trustee Board or by 75% of the
Unit holders of the Scheme.
6. 75% of the Unit holders of a Scheme can pass a
resolution to wind- up a Scheme.
7. The Trustee shall obtain the consent of the Unit
holders:
- whenever required to do so by SEBI, in the
interest of the Unit holders.
- whenever required to do so if a requisition is
made by three- fourths of the Unit holders of
the Scheme.
- when the majority of the trustees decide to
wind up a scheme in terms of clause (a) of
sub regulation (2) of regulation 39 or
prematurely redeem the units of a close ended
scheme.
- The Trustee shall ensure that no change in the
fundamental attributes of any Scheme or the
trust or fees and expenses payable or any
other change which would modify the
Scheme and affects the interest of Unit
holders, shall be carried out unless:
(i) a written communication about the
proposed change is sent to each Unit
holder and an advertisement is given in
one English daily newspaper having
nationwide circulation as well as in a
newspaper published in the language of
the region where the Head Office of the
Mutual Fund is situated; and
(ii) the Unit holders are given an option to
exit at the prevailing Net Asset Value
without any Exit Load.
8. Approval of unitholders in specified
circumstances –
The Trustees shall adopt any of the following
alternative procedures as the Trustee considers
appropriate in the circumstances:
Seeking approval of the unitholders through
postal ballot. This would entail seeking positive
consent of the Unitholders on the specific
proposal(s) by sending to the Unitholders the
necessary mailers and seeking their consent
through return post/courier/fax as may be
decided by the Trustee. The Trustee shall lay
down detailed guidelines for the actual conduct
and accomplishment of the postal ballot and
announcement of its results;

ii) Seeking approval of the Unitholders present and
voting at a meeting, to be specifically summoned
by the Trustee at the appointed day, date, time
and venue. A notice convening such meeting
shall be sent to the Unitholders at least 21 days
prior to the appointed date setting out the
proposal(s) which would be voted on the
sanctioned meeting. The Trustee shall lay down
the detailed guidelines for the actual conduct and
accomplishment of the voting at a meeting and
announcement of its results; and
iii) Seeking approval of the Unitholders through
such manner as may be determined by the
Trustee from time to time.
9. In specific circumstances, where the approvals of
unitholders are sought on any matter, the same
shall be obtained by way of a postal ballot or
such other means as may be approved by SEBI.
E-Mail Communication: Unit holders who have
opted to receive documents/communication by e-
mail will be required to download and print the
documents/communication after receiving the e-mail
from UTI AMC. Should the Unit holder experience
any difficulty in accessing the electronically
delivered documents/communication, the Unit
holder should advise the Registrars immediately to
enable UTI AMC to send the same through alternate
means. In case of non-receipt of any such intimation
of difficulty within 24 hours from receiving e mail, it
will be regarded as receipt of e mail by the Unit
holder.
It is deemed that the Unit holder is aware of all the
security risks including possible third-party
interception of the documents/communication and
contents of the same becoming known to third
parties.
10) Annual Report
An abridged annual report in respect of the Scheme
shall be provided to the Unitholders not later than
four months from the date of closure of the relevant
accounting year in the manner specified by SEBI.
The full annual report shall be made available for
inspection at UTI Tower, Gn Block, Bandra-Kurla
Complex, Bandra (East), Mumbai – 400 051. The
scheme wise annual report shall be hosted on the MF
website and on the website of AMFI.
UTI AMC shall display the link of the full scheme
wise annual reports prominently on its website.
69
UTI MF SAI (31.3.22)
The Mutual Fund shall e-mail the scheme annual
reports or abridged summary thereof to those
unitholders, whose email addresses are registered
with the Mutual Fund.
In case of unitholders whose email addresses are not
registered with the Mutual Fund, the Abridged
Annual Report shall be sent to them in physical
mode in case they have opted for the same.
The Mutual Fund shall publish an advertisement
every year disclosing the hosting of the scheme wise
annual report on their respective website and on the
website of AMFI and the modes such as SMS,
telephone, email or written request (letter), etc.
through which unitholders can submit a request for a
physical or electronic copy of the scheme wise
annual report or abridged summary thereof. Such
advertisement shall be published in the all India
edition of at least two daily newspapers, one each in
English and Hindi.
The Mutual Fund shall provide a physical copy of
the abridged summary of the Annual Report, without
charging any cost, on specific request received from
a unitholder.
11) Disclosure of fortnightly/monthly/half-
yearly portfolios
The Mutual Fund shall disclose portfolio (along with
ISIN) as on the last day of the month / half year for
all its Schemes on its website and on the website of
AMFI within 10 days from the close of each month /
half year in a user friendly and downloadable
spreadsheet format. The format for monthly portfolio
disclosure shall be the same as that of half yearly
portfolio disclosures. In terms of SEBI circular no.
SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22,
2020 for debt schemes portfolio disclosure will be
done on fortnightly basis within 5 days of every
fortnight. In addition to the current portfolio
disclosure, yield of the instrument will also be
disclosed. The disclosure will be made in the format
mentioned in the circular SEBI circular no.
CIR/IMD/DF/21/2012 dated September 13, 2012.
The Mutual Fund shall also disclose additional
information (such as ratios etc.) subject to
compliance with the SEBI Advertisement Code.
In case of unitholders whose e-mail addresses are
registered, the Mutual Fund shall send via email the
monthly / half yearly statement of scheme portfolio
within 10 days from the close of each month

The mutual fund shall provide a physical copy of the
statement of its scheme portfolio, without charging
any cost, on specific request received from a
unitholder.
The mutual Fund shall publish an advertisement
every half-year disclosing the hosting of the half-
yearly statement of its schemes portfolio on their
respective website and on the website of AMFI and
the modes such as SMS, telephone, email or written
request (letter) through which a unitholder can
submit a request for a physical or electronic copy of
the statement of scheme portfolio. Such
advertisement shall be published in the all India
edition of at least two daily newspapers, one each in
English and Hindi.
IV. PROCEDURE FOLLOWED AT UTI AMC
FOR TAKING INVESTMENT DECISIONS,
INVESTMENT VALUATION NORMS FOR
SECURITIES AND OTHER ASSETS
1. The investment set-up
The broad procedure followed at UTI AMC for
taking investment decisions is summarised as
follows:
(i) The investments of the scheme are managed
by a Fund Manager on a regular basis. The
Fund Manager constructs the appropriate
portfolio in the light of the scheme
objectives, prudential exposure norms, fund
size, tenure of the scheme and the liquidity
required for income distribution
considering the normal redemption etc. All
the investment decisions are based on
scheme’s investment objectives, internal
guidelines, regulatory restrictions etc. The
portfolio is monitored based on the research
inputs, present & expected market
conditions, future outlook on the economy /
sectors /individual scrip and fresh
inflows/outflows in the scheme with a view
to optimise the returns under the scheme.
The Fund Manager’s operational strategy
and its implementation are reviewed by the
Head of Equity on an ongoing basis.
(ii) Department of Securities Research is an
internal set-up with analysts tracking
specific sectors, which provides regular
inputs to the Fund Managers on
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UTI MF SAI (31.3.22)
stocks/industries/sectors, implication of
Govt./RBI policies and trends in
international markets. The Fund Managers
and Research Analysts interact regularly
through meetings and presentations. These
inputs are discussed thoroughly in these
meetings. The Fund Managers and Analysts
visit companies to obtain all publicly
available information on company
performance/ management perspectives.
The Fund Managers also attend company
presentations as well as presentations by
external research outfits/broking firms on
company/ industry performance.
(iii)Primary market investments: The
investments in Initial Public Offerings and
Private Placements in primary markets are
screened and scrutinized by research
team/FMs. On the basis of the information
and/or research reports, the Fund Managers
give their recommendation on the proposals
keeping in mind the scheme’s investment
objectives, internal guidelines and SEBI
guidelines. Such proposals are approved by
Head of Fixed Income/Head of
Equity/Executive Investment committee
(EIC) as per delegation of power.
(iv) Secondary market investments: Fund
Managers also interact with Research
Analysts and Dealers on regular basis. The
Fund Managers also have access to external
sources of data from analysts, publicly
available information about company /
sector etc. The Fund Manager prepares a
strategy paper for the scheme on periodic
basis, which is discussed with senior
management of UTI AMC. Finally, these
investment decisions made by the Fund
Managers are executed by the designated
dealer.
(v) Inter Scheme Transfers: The inter-scheme
buy and sale transactions are effected as per
the SEBI Regulations.
(vi) Monitoring: A memorandum to the Board
of Directors of the UTI Asset Management
Company & Trustee Company is submitted
containing a report on Investment
Operations of UTI AMC for UTI MF
schemes for each quarter.
2. Computation and disclosure of NAV
(a) The Net Asset Value (NAV) of the scheme
shall be calculated by determining the value of

the scheme's assets and subtracting therefrom
the liabilities of the scheme taking into
consideration the accruals and provisions.
NAV shall be declared separately for different
options of the scheme.
(b) The NAV per unit shall be calculated by
dividing the NAV of the scheme by the total
number of units issued and outstanding on the
valuation day. The NAV will be rounded off
upto four decimal places.
(c) When the securities are traded on more than
one recognised stock exchange, the securities
shall be valued at the last quoted price on the
stock exchange, available at the time of
valuation of scheme portfolio for the purpose
of computing the NAV, where the securities
are principally traded. UTI AMC will select
the appropriate stock exchange for each such
security, but the reasons for the selection would
be recorded in writing. All scrips may be
valued at the price quoted on the stock
exchange where a majority in value of the
investments is principally traded. Once a stock
exchange has been selected for valuation of a
particular security, reasons for change of the
exchange shall be recorded in writing by UTI
AMC.
(d) A valuation day is a day other than (i) Saturday
and Sunday (ii) a day on which both the stock
exchanges (BSE and NSE) and the banks in
Mumbai are closed (iii) A day on which the
purchase and redemption of units is suspended.
If any business day in UTI AMC, Mumbai is
not a valuation day as defined above then the
NAV will be calculated on the next valuation
day and the same will be applicable for the
I.
previous business day's transactions including
all intervening holidays.
(e) The NAVs will be calculated and disclosed on
every business day. The AMC will prominently
disclose the NAVs under a separate head on the
website of UTI Mutual Fund (www.utimf.com)
and of the Association of Mutual Funds in
India (AMFI) (www.amfiindia.com) on every
Business Day.
Mutual Funds/ AMCs shall extend the facility
of sending latest available NAVs to unitholders
through SMS, upon receiving a specific request
in this regard.
VALUATION POLICY FOR SCHEMES OF
UTI MUTUAL FUND
71
UTI MF SAI (31.3.22)
Introduction :
SEBI vide Gazette Notification no. LAD-
NRO/GN/2011-12/38/4290, dated February 21,
2012 amended Regulation 25, 47 and the Eighth
Schedule titled ‘Investment Valuation Norms’
under SEBI (Mutual Funds) Regulations, 1996 to
introduce the overarching principles namely
‘Principles of Fair Valuation’ .
These principles require mutual funds to ensure fair
treatment to all investors (existing as well as new
investors) seeking to purchase or redeem the units
of the scheme(s) at all points of time. It further
prescribes that the valuation shall be reflective of
the realizable value of securities and shall be done
in good faith and in a true and fair manner through
appropriate valuation policies and procedures
approved by the Board of the Asset Management
Company (AMC). Further as per the amendment in
case of any conflict between the principles of fair
valuation and valuation guidelines as per Eighth
Schedule and circulars issued by SEBI, the
Principles of Fair Valuation shall prevail.
In order to ensure transparency of valuation norms
to be adopted it is mandated by SEBI for AMC to
disclose their valuation policy and procedures as
approved by the Board of AMC on the website of
the AMC/Mutual Fund.
The Investment Valuation Policy & Procedures is
hereby disclosed for the benefit of investors. This
Investment Valuation Policy & Procedures is
subject to review and change from time to time.
3. Valuation of investments:
Valuation Policy and Procedures
Equity and Equity related Securities:
(a) Traded Securities
(Equity shares and equity related securities
like rights, warrants, preference shares etc.)
A security is treated as ‘traded’ in the following
circumstances:
- The security is traded on any stock
exchange within a period of 30 days (including
the date of valuation) and if:
- the aggregate volume of trade during such
period is more than 50,000; or
- the trade value is greater than Rs.5,00,000
these are valued at the closing prices on NSE,
(and if NSE price is not available BSE price is
considered). The principle stock exchange for
valuation of equity shares is NSE. The equity
shares held in the UTI SENSEX ETF and UTI

SENSEX Next 50 ETF will be valued at their
closing prices as per the BSE.
(b) Non traded / Thinly traded / Unlisted equity
shares:
Investments in securities, which have not been
traded on any stock exchange in the aforesaid
manner, are stated at fair value as determined
by UTI AMC in accordance with the
provisions of the SEBI (Mutual Fund)
Regulations, 1996 as detailed below.
Based on the latest available Balance Sheet, net
worth shall be calculated as follows:
Share Capital
Plus: Reserves (excluding revaluation Reserve)
Less: Miscellaneous Expenditure
Less: Intangible Assets (in case of unlisted
securities)
Less: P & L Accounts (Debit Balance)
The resultant figure is the Net Worth of the
Company, which when divided by the numbers
of shares outstanding gives the net worth per
share.
Capitalized earning price will be arrived at by
multiplying the earnings per share with the
discounted industry P/E ratio. Average
capitalization rate (P/E ratio) for the industry
based upon either BSE or NSE data shall be
taken and discounted by 75%. Earnings per
share of the latest audited annual accounts will
be considered for this purpose. The value as
per the net worth value per share and capital
earning value calculated as above shall be
averaged and further discounted by 10% for
illiquidity so as to arrive at the fair value. In
case of unlisted equity shares the discount
factor will be 15% instead of 10%.
In case, the Earning per share (EPS) is –ve,
EPS value for that year shall be taken as zero
for arriving at capitalized earning. In case
latest balance sheet is not available within 6
months from the close of the year, the shares of
such companies shall be valued at zero. If the
net worth of the company is –ve the share
would be marked down to zero. In case an
individual security accounts for more than 5%
72
UTI MF SAI (31.3.22)
of the total assets of the scheme, an
independent valuer shall be appointed for the
valuation of the said security.
In case the fair value price so arrived is higher
than the latest available quote price, then quote
price is considered, provided the quote price is
not older than 30 days.
(c) Non traded / Thinly traded / Unlisted rights
share/Debt in the form of Rights and
warrants:
The rights will be valued at the difference
between the daily Ex-rights price of underlying
equity share and rights offer price for the entire
period. In case the exercise price is greater than
the ex-rights price, the value of the rights share
is to be taken as zero. In case exercise price is
payable in more than one installment, then the
rights shares are valued at underlying equity
share price minus uncalled liability. Where
the rights/warrants are not treated pari
passu with the existing shares, suitable
adjustment should be made to the value
of rights/warrants. In case of unlisted
company, the rights share value is taken into
consideration after their allotment by way of
recomputing the fair value of the equity
shares, after considering the allotment of
rights. If Debt securities in the form of rights
are issued, the same is valued as per the debt
valuation norms, from the date of allotment of
the securities. Till such time they are valued at
face value - exercise price or as suggested by
the valuation committee. Where it is decided
not to subscribe for the rights but to renounce
them and renunciations are being traded, the
rights can be valued at the renunciation value.
(d) Non traded / Thinly traded / Unlisted
Preference shares:
Non-convertible preference shares are valued
at the present value of future expected dividend
payments and maturity value, discounted at the
expected rate of return on preference shares.
The valuation committee will decide upon
variables like expected future dividend,
expected rate of return etc. on a case to case
basis depending on the terms of issue of the
preference shares.
Convertible preference shares will be valued
based on the underlying equity, further

discounted for illiquidity at an appropriate
percentage. The illiquidity percentage
will be decided by the Valuation
Committee on a case to case basis.
The valuation committee may in specific
cases decide to use a different method for
valuation of preference shares by
assigning reasons therefor.
(e) Corporate Action:
In case of demerger if Shares of only one
company continue to be traded on de-
merger, the other security is valued at
traded value on the day before the de
merger less value of the traded security
post de merger. The valuation committee
may decide to apply appropriate
illiquidity discount on a case to case
basis. If the post demerger value of the
share of the de merged and traded
company is equal or in excess of the
value of the pre de merger share, then the
non-traded share is to be valued at zero.
If both the shares are not traded on de-
merger: the traded price prior to
demerger, will be allocated between the
post-demerger companies on an
appropriate basis like Price Earnings
ratio, net worth or any other measure, as
per the decision of the Valuation
Committee.
The untraded/unlisted shares resulting
from demerger will be valued on fair
valuation basis after the audited annual
financial results of the demerged
company are available.
In case of corporate actions like bonus
shares having differential voting rights,
bonus debentures (where terms of
security like coupon, maturity date etc.,
are not known) etc., these are referred to
the valuation committee to discover the
prices of such securities.
In case of merger, if the shares of the merged
entity are not listed/traded, then valuation of
merged entity shall be arrived at based on the
terms of merger and previous day’s closing
73
UTI MF SAI (31.3.22)
price of the respective companies prior to
merger.
The price of the unlisted shares arising out of
corporate actions as arrived at above, will be
reviewed by the valuation committee at half
yearly intervals till such time that the audited
annual financial results of the company are
available.
(f) Initial Public Offering (‘IPO’) application.
IPO application awaiting allotment would be
valued at allotment price / bid price
II. Debentures, Bonds, Asset Backed Securities,
Commercial Papers (CPs), Certificates of
Deposit (CDs), Government Securities
(Gsecs), State Government Securities
(SDLs), GSec STRIPS, Treasury Bills
(TBills), Bill Rediscounting Papers (BRDS):
(A) Securities Rated Above Investment Grade:
Securities shall be valued at the average of
prices provided by CRISIL and ICRA for
the respective paper.
If on any day, the price for any security is
not provided by CRISIL and ICRA then the
security will be valued as follows –
1) If the security is newly purchased, till
such time that the prices are not provided
by CRISIL and ICRA then:
 Coupon bearing securities will be
valued at weighted average trade price
of the deals in that security done by
schemes of UTI Mutual Fund for latest
trade day.
 Discounted securities will be valued at
the price computed on T+1 basis w.r.t
the valuation day considering the
weighted average traded yield of the
deals for that security done by schemes
of UTI Mutual Fund for the latest trade
day.
2) In other cases, it will be valued as per
the price approved by the valuation
committee.

In case a put / call option has been
exercised by any scheme of UTI Mutual III.
Fund, then the security will be valued as per
the residual maturity -upto the put / call
date from the date of exercise of such
option -for all schemes of UTI Mutual Fund
and as per the average prices provided by
CRISL and ICRA for this purpose.
For the purpose of determining the above-
mentioned prices of securities, the
Valuation agencies will adopt a waterfall
approach as per the guidelines laid down by
AMFI in terms of the mandate given by
SEBI in this regard.
The Waterfall approach specified by AMFI
vide Circular no 135/ BP/ 83/ 2019-20
dated 18th November 2019 is enclosed in
Annexure 1.
The valuation committee may, in
exceptional circumstances decide to value a
security at a price other than the average of
CRISIL and ICRA prices by recording
justification for the same, and subject to the
following:
AMCs may value the above investment grade
debt/money market securities at prices other
than those determined as explained above
provided:
 The detailed rationale for deviation shall
be recorded by the AMC
 The Board of the AMC and Trustees shall
be reported about the rationale for
deviation and other details as required by
SEBI
 The rationale for deviation and other
details as required by SEBI shall be
disclosed to the investors. In this regard
disclosure shall immediately be made on
the website of the AMC under a separate
head.
 The total number of instances of
deviations shall be disclosed in the
monthly and half-yearly portfolio
statements for the relevant period along-
with an exact link to the website wherein
the details of all such instances of
deviation are available.
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UTI MF SAI (31.3.22)
B. Securities rated below investment grade:
Money market and debt securities rated below
investment grade shall be valued at the aggregate
prices provided by CRISIL and ICRA for such
securities
Till such time that CRISIL and ICRA do not provide
the price of such security, it shall be valued on the
basis of indicative haircuts provided by these
agencies.
Below investment grade papers shall be valued at
traded price if:
1) Traded price is available for the respective
securities for the minimum size as determined
by CRISIL and ICRA
2) Traded price as determined above is lower that
the aggregated price or hair cut price as the
case may be.
The valuation committee may, in exceptional
circumstances decide to value a security at a
price other than the average of CRISIL and
ICRA prices by recording justification for the
same, and subject to the following:
AMCs may value any such securities at prices other
than those determined as explained above provided:
 The detailed rationale for deviation shall
be recorded by the AMC
 The Board of the AMC and Trustees shall
be reported about the rationale for
deviation and other details as required by
SEBI
 The rationale for deviation and other
details as required by SEBI shall be
disclosed to the investors. In this regard
disclosure shall immediately be made on
the website of the AMC under a separate
head.
 The total number of instances of deviations
shall be disclosed in the monthly and half-
yearly portfolio statements for the relevant
period along-with an exact link to the
website wherein the details of all such
instances of deviation are available.
III.Money market Instruments like
Repos, TREPS etc:
A) With residual maturity < = 30 days

Money market instruments like Repos, TREPS etc.
having maturity of upto 30 days will be valued at
cost + accrual basis. Further, any unrealised gain
or loss as on the 31st day of residual maturity will
be amortised on a straight line basis over the
remaining tenure of the instrument
B) With residual maturity > 30 days
Money market instruments like Repos,
TREPS etc. having maturity of greater than
30 days will be valued at average prices
provided by CRISIL and ICRA.
IV. Short Term Deposits / Fixed Deposits:
Short Term Deposits / Fixed Deposits are
valued at cost.
V. Future and Options:
(a) Index/ Stock / Interest Rate
Futures are valued at settlement price
declared by the Stock Exchange as on the
valuation date.
(b) Index/ Stock Options are valued at
the closing premium quote / exercise price
declared by the Stock Exchange as on the
valuation date.
VI. Interest Rate Swaps (IRS):
IRS will be valued as the difference
between the value of the fixed and floating
leg.
For this purpose:
The value of the Fixed leg will be the
average of prices provided by CRISIL and
ICRA.
The value of the floating leg will be
considered at par.
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UTI MF SAI (31.3.22)
VII.Gold:
The valuation of gold held in the Gold
Exchange Traded Fund is arrived at as
follows:
a) The London Bullion Market
Association’s (LBMA) AM fixing price per
troy ounce is increased with the CIF
premium and the LBMA fixing charge.
b) This price is then converted to the
equivalent price for 1 kg gold of
0.995fineness by applying the conversion
factor.
c) The RBI reference rate is applied
to convert the price from US dollars to
Indian Rupees.
d) The Indian levies in the form of
customs duty and stamp duty are added to
arrive at the final landed price of gold. If on
any day the LBMA AM fixing or RBI
reference rate is not available due to
holiday, etc. then the immediately previous
day’s prices are applied for the purpose of
calculating the value of gold.
VIII.Mutual Fund Units
MF Units listed and Traded would be
valued at the closing traded price as on the
valuation date. If the units are not traded on
the valuation day, the closing price of
earliest previous day on which they have
been traded may be used provided such
price is not prior than 30 days. Unlisted MF
Units and listed-but-not-traded MF Units
would be valued at the NAV as on the
valuation date.
IX.Infrastructure Investment Trust (InvITs)
& Real Estate Investment Trust (ReITs)
 Listed Units of InvITs / REITs will be
valued at the closing price at the principal
stock exchange.
 If units are not traded on principal stock
exchange on a particular valuation day, the
closing price on any other stock exchange
where units are traded will be used.
 If units are not traded on any stock
exchange on a particular valuation day, then
closing price at which it traded on the
principal stock exchange or any other stock

exchange, as the case may be, on the
earliest previous day will be used provided
such date is not more than 30 days prior to
valuation date.
 The units of InvITs / REITs which have
been purchased in the primary market will
be valued at cost till such time that they are
listed on the stock exchange
 Unlisted / NonTraded Units of InvITs
/REITs (i.e not traded on any stock
exchange for a continuous period of 30
days) shall be valued as per the
procedure/price determined by the
Valuation Committee.
X.Inter Scheme Transfers
Equity Securities:
In respect of inter scheme transfer of equity
securities, the spot/current market price available
from Bloomberg terminal on a continuous basis is
considered.
Debt and Money Market Securities:
1.Inter scheme transfers of debt and money
market securities will be at the average of prices
provided for this purpose by the valuation
agencies viz. CRISIL and ICRA
2. If price from only one valuation agency is
received within the agreed TAT, that price may
be used for IST pricing.
3. If prices are not received from any of the
valuation agencies within the agreed TAT then the
IST may be done at a price determined based on the
principle laid down in clause 3 (a) of the Seventh
Schedule to SEBI (Mutual Fund) Regulations,
1996. Such price shall be approved by the
Valuation Committee
General Principle:
While the fund will follow the above guidelines on
an ongoing basis, there may be extraneous situations
under which, in the interest of fair reflection and fair
valuations, there may be deviations to the above
guidelines. The decision on any such deviation will
76
UTI MF SAI (31.3.22)
rest with the Valuation Committee based on the
justification and adequate documentations.
Abnormal conditions:
The valuation committee may determine the
valuation methodology to be adopted in case of
abnormal market conditions.
Periodic Review
The Valuation policy shall be reviewed at least
annually and any modification shall be approved by
the AMC and Trustee Boards. The Valuation Policy
shall also be reviewed by Independent Auditors at
least once in a Financial Year to ensure the
appropriateness of the valuation methodologies.
Conflict of Interest
If any situation arises that leads to conflict of
interest, the same shall be raised to the Valuation
Committee and the Committee shall endeavour to
resolve the same such that the valuation provides for
fair treatment to all investors including existing and
prospective investors.
ANNEXURE 1
Waterfall Approach for the Valuation of Money
Market and Debt Securities
Part A: Valuation of Money Market and Debt
Securities other than G-Secs
1. Waterfall Mechanism for valuation of
money market and debt securities:
The following shall be the broad sequence of the
waterfall for valuation of money market and debt
securities:
1. Volume Weighted Average Yield (VWAY) of
primary reissuances of the same ISIN (whether
through book building or fixed price) and
secondary trades in the same ISIN
2. VWAY of primary issuances through book
building of same issuer, similar maturity (Refer
Note 1below)
3. VWAY of secondary trades of same issuer,
similar maturity
4. VWAY of primary issuances through fixed
price auction of same issuer, similar maturity
5. VWAY of primary issuances through book
building of similar issuer, similar maturity
 UTI MF SAI (31.3.22)
(Refer Note 1below) identification of outliers, on the day of such
6. VWAY of secondary trades of similar issuer, exceptional events, rather than considering
similar maturity. whole day trades, only those trades shall be
considered which have occurred post the event
7. VWAY of primary issuance through fixed
(on the same day).
price auction of similar issuer, similar maturity
8. Construction of matrix (polling may also be The following events would be considered
used for matrix construction) exceptional events:
9. In case of exceptional circumstances, polling i. Monetary I Credit Policy
for security level valuation (Refer Note 2 ii. Union Budget
below) iii. Government Borrowing / Auction
Days
Note 1 iv. Material Statements on Sovereign
Rating
Except for primary issuance through book
v. Issuer or Sector Specific events
building, polling shall be conducted to
identify outlier trades. However, in case of any which have a material impact on
issuance through book building which is less yields
than INR 100 Cr, polling shall be conducted to vi. Central Government Election Days
identify outlier trades. vii. Quarter end days

Note 2 In addition to the above, valuation agencies may

Some examples of exceptional circumstance
would be stale spreads, any event/news in
particular sector/issuer, rating changes, high
volatility, corporate action or such other event
as may be considered by valuation agencies.
Here stale spreads are defined as spreads of
issuer which were not reviewed/updated
through trades/primary/polls in same or
similar security/issuers of same/similar
maturities in waterfall approach in last 6
months.
Further, the exact details and reasons for the
exceptional circumstances which led to polling
shall be documented and reported to AMCs.
Further, a record of all such instances shall be
maintained by AMCs and shall be subject to
verification during SEBI inspections.
determine any other event as an exceptional event.
All exceptional events along-with valuation
carried out on such dates shall be documented
with adequate justification.
2. Definition of tenure buckets for Similar
Maturity
When a trade in the same ISIN has not taken
place, reference should be taken to trades of
either the same issuer or a similar issuer, where
the residual tenure matches the tenure of the
bond to be priced. However, as it may not be
possible to match the exact tenure, it is
proposed that tenure buckets are created and
trades falling within such similar maturity be
used as per table below.

Note 3
All trades on stock exchanges and trades reported Residual Tenure of Criteria for similar
on trade reporting platforms till end of trade Bond to be priced maturity
reporting time (excluding Inter-scheme transfers) Upto 1month Calendar Weekly
should be considered for valuation on that day. Bucket
Note 4 Greater than 1month Calendar Fortnightly
to 3 months Bucket
It is understood that there are certain exceptional
events, occurrence of which during market hours Greater than 3 months Calendar Monthly
may lead to significant change in the yield of the to 1year Bucket
debt securities. Hence, such exceptional events Greater than 1year to 3 Calendar Quarterly
need to be factored in while calculating the years Bucket
price of the securities. Thus, for the purpose of
Greater than 3 years Calendar Half Yearly
calculation of VWAY of trades and
or Greater Bucket

77

In addition to the above:
a. In case of market events, or to
account for specific market nuances,
valuation agencies may be permitted to
vary the bucket in which the trade is
matched or to split buckets to finer time
periods as necessary. Such changes shall
be auditable. Some examples of market
events / nuances include cases where
traded yields for securities with residual
tenure of less than 90 days and more
than 90 days are markedly different
even though both may fall within the
same maturity bucket, similarly for less
than 30 days and more than 30 days or
cases where yields for the last week
v/s second last week of certain months
such as calendar quarter ends can differ.
b. In the case of illiquid/ semi liquid
bonds, it is proposed that traded
spreads be permitted to be used for
longer maturity buckets (1year and
above). However, the yield should be
adjusted to account for steepness of the
yield curve across maturities.
c. The changes I deviations mentioned in
clauses a and b, above, should be
documented, along with the detailed
rationale for the same. Process for
making any such deviations shall also
be recorded. Such records shall be
preserved for verification.
3. Process for determination of similar issuer
Valuation agencies shall determine similar
issuers using one or a combination of the
Parameter Minimum Volume Criteria for
marketable lot
Primary INR 25 cr for both Bonds/NCD/CP/ CD
and other money market instruments
Secondary INR 25 cr for CP/ CD, T-Bills and other
money market instruments
Secondary INR 5 Cr for Bonds/NCD/
G-secs
following criteria. Similar issuer do not
always refer to issuers which trade at same
yields, but may carry spreads amongst
themselves & move in tandem or they are
sensitive to specific market factor/s hence
78
UTI MF SAI (31.3.22)
warrant review of spreads when such factors
are triggered.
i. Issuers within same sector/industry and/or
ii. Issuers within same rating band and/or
iii. Issuers with same parent/ within same group
and/or
iv. Issuers with debt securities having same
guarantors and/or
v. Issuers with securities having similar terms
like Loan Against Shares (LAS)/ Loan Against
Property (LAP)
The above criteria are stated as principles
and the final determination on criteria, and
whether in combination or isolation shall be
determined by the valuation agencies. The
criteria used for such determination should
be documented along with the detailed
rationale for the same in each instance. Such
records shall be preserved for verification.
Similar issuers which trade at same level
or replicate each other's movements are
used in waterfall approach for valuations.
However, similar issuer may also be used
just to trigger the review of spreads for
other securities in the similar issuer category
basis the trade/news/action in any
security/ies within the similar issuer group.
4. Recognition of trades and outlier criteria
i. Volume criteria for recognition of trades
(marketable lot)
Paragraph 1.1.1.l(a) of SEBI vide circular no.
SEBl/HO/IMD/DF4/CIR/P/2019/102 dated
September 24, 2019 on Valuation of money
market and debt securities, prescribes that the
marketable lots shall be defined by AMFI, in
consultation with SEBI. In this regard,
marketable lot is defined as under.
The following volume criteria shall be used for
recognition of trades by valuation agencies:
Trades not meeting the minimum volume
criteria i.e. the marketable lot criteria as stated
above shall be ignored.
ii. Outlier criteria

It is critical to identify and disregard trades
which are aberrations, do not reflect market
levels and may potentially lead to mispricing
of a security or group of securities. Hence, the
following broad principles would be followed
by valuation agencies for determining outlier
criteria.
a. Outlier trades shall be classified on the
basis of liquidity buckets (Liquid, Semi-
liquid, Illiquid). Price discovery for
liquid issuers is generally easier than that
of illiquid issuers and hence a tighter
pricing band as compared to illiquid
issuers would be appropriate.
b. The outlier trades shall be determined
basis the yield movement of the trade,
over and above the yield movement of
the matrix. Relative movement ensures
that general market movements are
accounted for in determining trades that
are outliers. Hence, relative movement
over and above benchmark movement
shall be used to identify outlier trades.
c. Potential outlier trades which are
identified through objective criteria
defined above will be validated through
polling from market participants. Potential
outlier trades that are not validated
through polling from market participants.
Potential outlier trades that are not
validated through polling shall be ignored
for the purpose of valuation.
d. The following criteria shall be used by
valuation agencies in determining Outlier
Trades
Liquidity Bps Criteria (Yield movement
over previous day yield after accounting
for yield movement of matrix)
Liquidity Bps Criteria
Classification
Upto 15-30 Greater
15 days than 30
days days
Liquid 30 bps 20 bps 10 bps
Semi-liquid 45 bps 35 bps 20 bps
Illiquid 70 bps 50 bps 35 bps
79
UTI MF SAI (31.3.22)
The above criteria shall be followed
consistently and would be subject to
review on a periodic basis by valuation
agencies and any change would be carried
in consultation with AMFI.
e. In order to ensure uniform process in
determination of outlier trades the criteria
for liquidity classification shall be as
detailed below.
Liquidity classification criteria -
liquid, se mi-liquid and Illiquid
definition
Valuation agencies shall use standard
criteria for classifying trades as Liquid,
Semi-Liquid and illiquid basis the
following two criteria
a. Trading Volume
b. Spread over reference yield
Such criteria shall be reviewed on
periodic basis in consultation with AMFI.
Trading Volume (Traded days based criteria):
Number of unique days an issuer trades
in the secondary market or issues a
new security in the primary market in a
calendar quarter
• Liquid >=50% of trade days
• Semi Liquid >=10% to 50% trade
days
• Illiquid <10 % of trade days
Spread based criteria:
Spread over the matrix shall be
computed and based on thresholds
defined; issuers shall be classified as
liquid, semi liquid and illiquid. For
bonds thresholds are defined as up to 15
bps for liquid; >15-75 bps for semi-
liquid; > 75 bps for illiquid. (Here,
spread is computed as average spread
of issuer over AAA Public Sector
Undertakings / Financial Institutions /

Banks matrix), For CP/ CD-up to 25 bps
for liquid; >25- 50 bps for semiliquid; >
50 bps for illiquid. (Here, spread is
computed as average spread of issuer
over Al+/AAA CD Bank matrix).
The thresholds shall be periodically
reviewed and updated having regard to
the market.
The best classification (liquid being
the best) from the above two criteria
(trading volume and spread based) shall
be considered as the final liquidity
classification of the issuer. The above
classification shall be carried out
separately for money market
instruments {CP/ CDs) and bonds.
5. Process for construction of spread
matrix
Valuation agencies shall follow the
below process in terms of calculating
spreads and constructing the matrix:
Steps Detailed Process
Step 1 Segmentation of corporates-
The entire corporate sector is first
categorised across following four
sectors i.e. all the corporates will be
catalogued under one of the below
mentioned bucket:
1.Public Sector Undertakings /
Financial Institutions / Banks;
2.Non-Banking Finance Companies
-except Housing Finance
Companies;
3. Housing Finance Companies;
4. Other Corporates
Step 2 Representative issuers -
For the aforesaid 4 sectors,
representative issuers (Benchmark
Issuers) shall be chosen by the
valuation agencies for only higher
rating {I.e. "AAA" or AA+).
Benchmark/Representative Issuers
will be identified basis high
liquidity, availability across tenure
in AAA/AA+ category and having
lower credit/liquidity premium.
Benchmark Issuers can be single or
multiple for each sector.
80
UTI MF SAI (31.3.22)
It may not be possible to find
representative issuers in the lower
rated segments, however in case of
any change in spread in a particular
rating segment; the spreads in lower
rated segments should be suitably
adjusted to reflect the market
conditions. In this respect, in case
spreads over benchmark are
widening at a better rated segment,
then adjustments should be made
across lower rated segments, such
that compression of spreads is not
seen at any step. For instance, if
there is widening of spread of
AA segment over the AAA
benchmark, then there should not be
any compression in spreads between
AA and A rated segment and so on.
Step 3 Calculation of benchmark curve
and calculation of spread -
1. Yield curve to be calculated for
representative issuers for each
sector for maturities ranging from
1month till 20 years and above.
2. Waterfall approach as defined in
Part A (1) above will be used for
construction of yield curve of each
sector.
3. In the event of no data related to
trades/primary issuances in the
securities of the representative
issuer is available, polling shall be
conducted from market participants
4. Yield curve for Representative
Issuers will be created on daily basis
for all 4 sectors. All other issuers
will be pegged to the respective
benchmark issuers depending on
the sector, parentage and
characteristics. Spread over the
benchmark curve for each security
is computed using latest available
trades/ primaries/polls for
respective maturity bucket over the
Benchmark Issuer.
5. Spreads will be carried forward in
case no data points in terms of
trades/primaries/polls are available
for any issuer and respective
benchmark movement will be
given

Step 4 1. The principles of VWAY, outlier
trades and exceptional events shall
be applicable while constructing
the benchmark curve on the basis
of trades/primary issuances.
2. In case of rating downgrade/credit
event/change in liquidity or any
other material event in
Representative Issuers, new
Representative Issuers will be
identified. Also, in case there are
two credit ratings, the lower rating
to be considered.
3. Residual tenure of the securities
of representative issuers shall be
used for construction of yield
curve.
Part B: Valuation of G-Secs {T- Bill, Cash
management bills, G-Sec and SOL)
The following is the waterfall mechanism for
valuation of Government securities:
• VWAY of last one hour, subject to outlier
validation
• VWAY for the day (including a two quote, not
wider than 5 bps on NDSOM), subject to
outlier validation
• Two quote, not wider than 5 bps on NDSOM,
subject to outlier validation
• Carry forward of spreads over the benchmark
• Polling etc.
Note:
1. VWAY shall be computed from trades which
meet the marketable lot criteria stated in Part
A of these Guidelines.
2. Outlier criteria: Any trade deviating
by more than +/- 5 bps post factoring
the movement of benchmark security
shall be identified as outlier. Such
outlier shall be validated through
polling for inclusion in valuations. If
the trades are not validated, such
trades shall be ignored.
ANNEXURE II
Guidelines on Polling Process for Money Market
and Debt Securities
81
UTI MF SAI (31.3.22)
The Guidelines on polling issued by AMFI in
consultation with SEBI are as under:
1. Valuation agencies shall identify the
Mutual Funds who shall participate in
the polling process on a particular day,
taking into account actors such as
diversification of poll submitters and
portfolio holding of the Mutual Funds.
Mutual Funds who are identified by the
valuation agencies shall necessarily
participate in the polling process.
However, in case any Mutual Fund does
not participate in the polling process,
detailed reason for the same shall be
recorded at the time and subsequently
made available during SEBI inspections.
In this respect, since a Mutual Fund may
have investments in similar securities, a
security not forming part of investment
universe may not be considered as an
adequate reason for not participating in
the polling process.
2. Polling will be carried out on a daily basis
by the valuation agencies, in terms of
points 9-11below.
3. Each valuation agency needs to take polls
from at least 5 unique Mutual Funds on a
daily basis. Hence, between the two
valuation agencies 10 unique Mutual
Funds to be polled. They may cover more
Mutual Funds, over and above this. For
benchmark securities a poll constituting
at least 5 responses will be considered as
valid. In case of non-benchmark securities
a poll constituting at least 3 responses will
be considered as valid. The responses
received by each valuation agency will
be shared with the other agency also.
4. Median of polls shall be taken for usage in
valuation process.
5. The valuation agencies will also need to
cover as many non-Mutual Fund
participants as possible, over and above
the Mutual Funds, to improve on the
polling output quality.
6. Endeavour would be made to have
adequate representation of both holders
and non-holders of the same bond/same
issuer for non-benchmark securities in the
poll process. Where this is not possible,
 UTI MF SAI (31.3.22)
valuation agencies may seek polls from security.
holders of bonds with a similar structure.
7. In the case of issuers with multiple 13. The polling process will be
notch rating upgrades I downgrades over revalidated by external audit of the
short periods of time, valuation agencies valuation agencies with at least an
shall: annual frequency

a. Conduct polls with a larger universe of 14. AMCs shall have a written policy,
pollers. approved by the Board of AMC and
Trustees, on governance of the polling
b. Increase the frequency of polling
process. The aforesaid policy shall
8. Suo moto feedback on valuations should include measures for mitigation of
be entertained only through formal mails potential conflicts of interest in the
from persons designated by AMC for polling process and shall identify
said purpose, and the same shall be senior officials, with requisite
validated through repolling. Any such knowledge and
feedback shall be duly recorded by the expertise, who shall be responsible for
valuation agencies, including the reason for polling. Further, the policy should outline
the challenge, results of repolling and the following aspects:
subsequent changes in valuation on
repolling, if any. Such records shall be a. the process of participating in a polling
preserved by the valuation agencies, for exercise.
verification. b. identify the roles and responsibilities
of persons participating in the polling.
9, Polling will be done for two sets of
securities, Benchmark & Others. c. include policies and procedures for
arriving at the poll submission
10. Benchmark will be defined for the d. cover the role of the Board of
following categories across tenors. AMC and Trustees, and the
periodic reporting that needs
a) Treasury Bills
to be submitted to them.
b) Central Government Securities e. All polling should be preferably
c) State Government Securities over email. In case for any reason,
the polling is done by way of a
d) AAA PSU / PFI / PSU Banks telephonic call then such a call
e) AAA Private should be over recorded lines,
f) NBFC followed subsequently by an email.
g) HFC f. AMCs should have adequate
business continuity
h) Any other as required for improving arrangements for polling, with
fair valuations. the necessary infrastructure /
skill to ensure that consistent
11. Polling shall be conducted in the following delivery of poll submissions is
two scenarios: made without material
interruption due to any failure,
a) Validation of traded levels if they are
human or technical.
outlier trades.
b) Non traded Securities (in 15. All polling done will have to be
exceptional circumstances as documented and preserved in format
defined in the waterfall approved by the Board of AMC, for a
mechanism for valuation of period of eight years, along-with details
money market and debt of the basis of polling (such as market
securities). transactions, market quotes, expert
12. Best efforts should be made by poll judgement etc.).
submitters to provide fair valuation of a 16. AMCs shall ensure that participation in

82

the polling process is not mis-used to
inappropriately influence the valuation
of securities. The officials of the AMC
who are responsible for polling in terms
of point no. 14 above, shall also be
personally liable for any misuse of the
polling process.
17. AMCs shall maintain an audit trail for all
polls submitted to valuation agencies.
V. TAX, LEGAL & GENERAL INFORMATION
A. TAX INFORMATION
Taxation of investing in Mutual Fund Schemes
The information stated below is based on UTI
Mutual Fund’s understanding of the tax laws
[Income Tax Act 1961 as amended by the Finance
(No.2) Act 2014] and is only for the purpose of
providing general information to the investors of the
UTI Mutual Fund Schemes (Schemes). The
information/interpretations/requirements provided
may undergo modifications due to changes in
regulatory dispensation or otherwise. As in the case
with any investment there can also be no guarantee
that the tax position prevailing at the time of
investment in the Schemes will endure indefinitely.
Further statements with regard to tax position
mentioned herein, is on the assumption that the units
are not held as stock-in-trade and are merely
indicative, not exhaustive, expressions of opinion,
interpretative, subject to any judicial/administrative
rulings/orders/interpretations, and are not
representations of the UTI Mutual Fund/ UTI Asset
Management Company Ltd. (UTIAMC/AMC), to
induce any investor to acquire units whether directly
from the UTI Mutual Fund or indirectly from any
other person/s by the secondary market operations.
UTI Mutual Fund (UTIMF)/ UTIAMC, UTI Trustee
Company Pvt. Ltd. (UTI Trustee Company/Trustee)
shall not be responsible in any manner whatsoever
including for any information given herein and may
also take a view different to the contents mentioned
herein on receiving any legal or tax advice or any
error which may have crept herein. Different tax
authorities/Tribunals/Courts may take different
interpretations/issue contrasting rulings. In the
event, any liability, as may be determined by the tax
authorities, being imposed on UTI Mutual Fund/
Scheme(s) or the Trustee or the AMC, the
83
UTI MF SAI (31.3.22)
Unitholders shall indemnify UTI Mutual
Fund/Scheme(s) and/ or the Trustee and/or the AMC
for any tax liability. The prospective investors
should not treat the contents of this section as advice
relating to legal, taxation, investment or any other
matter and are advised to consult its/his or her own
tax/legal consultant with respect to the tax
implications arising out of his or her or their
participation in the Schemes and the
approvals/registrations etc. which are required to be
obtained by the investor for making
investment/transactions or taking any benefits.
Tax issues concerning Mutual Fund:
UTI Mutual Fund is a Mutual Fund registered with
SEBI and as such is eligible for benefits under
section 10 (23D) of the Income Tax Act, 1961 (“the
Act”) to have its entire income exempt from income
tax.
The Mutual Fund receives all income without any
deduction of tax at source under the provisions of
Section 196(iv) of the Act.
Income arising out of investments in securitisation
trusts shall be governed by the provisions contained
in Chapter XII-EA and other applicable provisions
of the Act.
By virtue of section 45 of the Wealth Tax Act, 1957,
wealth tax is not chargeable in respect of net wealth
of a Mutual Fund, hence UTI Mutual Fund is not
liable to pay Wealth Tax under the provisions of the
Wealth Tax Act, 1957. By the Finance Act 2015,
Wealth Tax has been abolished.
Tax issues concerning Unit holders
I. Equity Oriented Funds - Tax Treatment of
Investments
A. Tax on income in respect of units
With effect from 01st April 2020, dividend shall be
taxed in the hands of the unitholders at applicable
tax rates provided under the IT Act/as per the
provisions of the Income Tax law as per category of
the unitholders.
B. Dividend Distribution Tax:
The Finance Act, 2020 has abolished the payment of
Income/Dividend Distribution Tax (DDT) by the

Mutual Funds with effect from 01st April 2020.
Under the new tax regime, Mutual Funds will not be
required to pay DDT. With effect from 01st April
2020, the dividend shall be taxed in the hands of the
unitholders.
C. TDS on income of units:
UTI MF SAI (31.3.22)
Units held for not more than twelve months
preceding the date of their transfer are short term
capital asset. Capital gains arising from the transfer
of short-term capital assets being unit of an equity-
oriented scheme which is chargeable to STT is liable
to income tax @ 15% under section 111 A and
section 115 AD of the Act.

The Finance Act 2020 has amended provisions of

section 194K and section 196A of the Act. As per
the amended provisions, Mutual Funds shall be
required to deduct tax at source (‘TDS’) on the
dividend income at prescribed rates for all
unitholders including resident/non-resident/FII/FPIs.
D. Tax on capital gains
i) Long Term Capital Gains
Units held for more than twelve months preceding
the date of their transfer are long term capital asset.
iii) Securities Transaction Tax (STT)
As per Chapter VII of Finance (No. 2) Act, 2004
relating to Securities Transaction Tax (STT), with
effect from June 01, 2006, the STT is payable by the
seller at the rate of 0.25% (this rate stands reduced
to 0.001% w.e.f. 1st June 2013 by the Finance Act
2013) on the sale of unit of an equity oriented
scheme to the Mutual Fund. In the event of sale of
units to the Mutual Fund, the STT is collected by the
Mutual Fund at source.

The Finance Act 2018 The following are the rates of STT w.e.f. 1st June
2013:
(a) has withdrawn the exemption u/s 10(38) on
transfer of long-term capital asset being a Sl. Nature of Payable by Rates
unit of an equity oriented fund, as defined No. taxable w.e.f. 1st
therein, in respect of the transfers made on securities June
or after April 1, 2018. transaction 2013
(in per
(b) has incorporated a new provision (section cent)
112A) imposing tax on Long Term Capital 1. Delivery based Purchaser Nil
Gain on a unit of an equity-oriented fund purchase of
(as defined therein) at the rate of 10% on units of an
LTCG, in excess of Rs.1 lakh in a financial equity oriented
year. No indexation benefit would be fund entered
available on computation of such LTCG, into in a
recognized
(c) provides that the units of equity-oriented stock exchange
funds that were acquired before January 31, 2. Delivery based Seller 0.001
2018, and which would be transferred on or sale of units of
after April 1, 2018, the assessee shall be an equity
entitled to exemption on so much of the oriented fund
capital appreciation as has accrued up to entered into in
January 31, 2018. a recognized
stock exchange
Minimum Alternate Tax (MAT) provisions as 3. Non Delivery Seller 0.025%
contained in the Act shall also apply. based sale of
units of an
equity oriented
fund entered
into in a
ii) Short term capital gains recognized
stock exchange

84

4. Sale of a unit Seller 0.001
of an equity
oriented fund
to the mutual
fund
With effect from 01st April 2008:
a) the deduction under section 88E of the Act has
been discontinued, and
b) the amount of STT paid by the assessee during the
year in respect of taxable securities transactions
entered into in the course of business will be
allowed as deduction under section 36(xv) of the
Act subject to the condition that such income from
taxable securities transactions is included in the
income computed under the head “Profits and
Gains of business or profession”.
c) As per the Finance Act 2016 and amendment to
the Finance (No.2) Act 2004, it is proposed that
w.e.f. 1st April 2016, any income arising from
the transfer of a long term capital asset being a
unit of an equity oriented scheme undertaken on
a recognised stock exchange located in any
International Financial Services Centre and
where the consideration for such transaction is
paid or payable in foreign currency shall not be (a)
subject to STT.
(iv) By the Finance Act (No.2) 2014, securities held by
FII investor, which has invested in such securities in
accordance with the regulations made under the SEBI
Act 1992, will be treated as capital asset.
E. TDS on Dividends:
TDS for Resident Unitholders where valid PAN is
registered: TDS at the rate of 10% shall be
deducted on dividend income credited / paid to
resident unitholders.
TDS for Non-Resident unit holders: TDS at the
rate of 20% shall be deducted on dividend income
credited / paid to non-resident unitholders.
F. TDS on Capital Gains
(i) Resident Investors
As per Central Board of Direct Taxes (‘CBDT’)
circular No.715 dated 8th August 1995, and as per
the amended section 194K of the Act, in case of
UTI MF SAI (31.3.22)
resident unitholders no tax is required to be deducted
from capital gains arising at the time of redemption
of the units.
(ii) For Non Resident Investors
For non-resident investors, income tax at source will
be deducted at the applicable rates.
Surcharge and Health & Education Cess:
The tax / TDS (except STT) is to be increased by
applicable surcharge. Further Health and Education
Cess @ 4% is to be charged on amount of tax and
surcharge.
ELSS Schemes:
Contribution made by individuals and HUFs in the
above Plans / Scheme will be eligible for deduction
of the whole of the amount paid or deposited subject
to a maximum of Rs. 1,50,000/- under Section 80 C
of the Act as provided therein.
As per the CBDT notifications for the ELSS,
if ninety per cent or more of the units issued under
any plan / scheme are repurchased before completion
of ten years, the UTI AMC may at its discretion,
terminate that plan / scheme even before the
stipulated period of ten years; and redeem the
outstanding units at the final repurchase price to be
fixed by UTIAMC.
(b) units issued under the ELSS can be pledged
only after three years of the issue of the
units.
II. Other than Equity Oriented Funds - Tax
Treatment of Investments
Tax issues concerning Unit holders
A. Tax on income in respect of units
With effect from 01st April 2020, dividend shall be
taxed in the hands of the unitholders at applicable
tax rates provided under the IT Act/as per the
provisions of the Income Tax law as per category of
the unitholders.
B. Dividend Distribution Tax (additional income
tax on distributed income):
85

The Finance Act, 2020 has abolished the payment of
Income/Dividend Distribution Tax (DDT) by the
Mutual Funds with effect from 01st April 2020.
Under the new tax regime, Mutual Funds will not be
required to pay DDT. With effect from 01st April
2020, the dividend shall be taxed only in the hands
of the unitholders.
C. Tax on capital gains
(i) Long Term Capital Gains
As per Finance (No.2) Act 2014, w.e.f. 10th July 2014,
units of other than equity oriented schemes/funds will
qualify as long term capital asset only if such units are
held for more than 36 months.
Resident Unitholders
Any long term capital gain arising on redemption of
units by residents is subject to treatment indicated
under Section 48 and 112 of the Act. Long term capital
gains in respect of units held for more than 36 months
is chargeable to tax @ 20% after factoring the cost
inflation index. With effect from 10th July 2014, the
option of income tax @10%, without indexation, is not
available.
Non Resident Unitholders
With effect from 01st April 2012, under section 112,
long term capital gain on transfer of listed units shall
be taxable @20% and 10% on unlisted units if the
non-resident is not a company or a foreign company
and without applying the indexation provisions.
FIIs
As per section 115 AD of the Act, long term capital
gains on sale of units are to be taxed @ 10% without
indexation benefit.
By the Finance Act (No.2) 2014, securities held by FII
investor, which has invested in such securities in
accordance with the regulations made under the SEBI
Act 1992, will be treated as capital asset.
ii) Short Term Capital Gains
W.e.f. 10th July 2014, Units held for not more than
thirty six months preceeding the date of their transfer
are short term capital assets. Capital gains arising from
the transfer of short term capital assets will be subject
to tax @30% for FIIs under section 115AD of the Act
and at the normal rates of tax applicable to such
assessee.
Surcharge and Health & Education Cess:
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UTI MF SAI (31.3.22)
The tax is to increased by applicable surcharge.
Further, Health and Education Cess @ 4% is to be
charged on amount of tax and surcharge.
E. TDS on capital gains
i) Resident Investors
As per Central Board of Direct Taxes (‘CBDT’)
circular No.715 dated 8th August 1995, and as per the
amended section 194K of the Act, in case of resident
unitholders no tax is required to be deducted from
capital gains arising at the time of redemption of the
units.
ii) For Non Resident Investors
For non-resident investors, income tax at source will
be deducted at the applicable rates.
Surcharge and Health & Education Cess:
The tax / TDS (except STT) is to be increased by
applicable surcharge. Further Health and Education
Cess @ 4% is to be charged on amount of tax and
surcharge.
Retirement Benefit Plan (UTI RBP), Unit Linked
Insurance Plan ( UTI ULIP) of UTI Mutual Fund:
Tax benefits under section 80 C
Contribution made by individuals and HUFs in the
above Plans / Scheme will be eligible for deduction of
the whole of the amount paid or deposited subject to a
maximum of Rs.1,50,000/- under Section 80 C of
Income Tax Act, 1961 as provided therein.
As per the provisions of Section 80 C of the Act, if an
assessee terminates the participation in the ULIP 1971
or where the assessee ceases to participate by reason of
failure to pay any contribution, by not reviving the
participation, before contributions in respect of such
participation have been paid for five years, in such an
event no deduction shall be allowed for any sums
paid/contribution made during the year and also the
aggregate amount of the deductions of income so
allowed in respect of the previous year/s shall be
deemed to be the income of the assessee of such
previous year and shall be liable to tax.
Certain common provisions for equity oriented
funds and other than equity oreinted funds
1. TDS on Dividend: Section 194K of the IT Act,
applicable for resident investors, provides for a
threshold of Rs. 5,000 in a financial year, in
aggregate. TDS provisions should not apply in
case where the amount of dividend credited /

paid does not exceed this threshold limit in a
particular financial year. The threshold limit is
applicable for aggregate dividend credited / paid
in a financial year for all the Schemes. The same
is to be computed at the PAN level. However,
on account of practical difficulties involved due
to the unique nature of mutual fund investments,
different schemes involved and irregular
frequency of dividend declaration, UTI Mutual
Fund shall deduct TDS from each dividend
declared i.e. even when the dividend amount
paid is less than Rs. 5,000/- or has not reached
in aggregate the sum of Rs.5,000 threshold
limit. In case of total TDS exceeding the actual
tax liability of any investor, the investor can
claim refund while filing income-tax return.
2. As per section 64(1A) of IT Act, income of
minor child gets clubbed with the income of the
parent for income tax purposes. Accordingly,
the parent should provide a declaration, in the
specified format, under section 199 of the Act
read with Rule 37BA (2) of the Income-tax
Rules, 1962 to the Mutual Fund, for TDS
deduction under the PAN of the parent. The
declaration should contain the name, address,
permanent account number of the person to
whom the credit is to be given, payment or
credit in relation to which credit is to be given
and reasons for giving credit to such person. In
the absence of such a declaration, UTI Mutual
Fund will deduct TDS on dividend credited /
paid under the PAN of the minor.
An exemption under section 10(32) of the Act,
is granted to the parent in whose hand the
income is included upto Rs. 1,500/- per minor
child. When the child attains majority, the tax
liability will be on the child.
3. A resident unitholder may also make an
application to the income-tax authorities under
section 197 of the Act for obtaining a certificate
for lower / non-deduction of TDS on dividend
income credited / paid by Mutual Fund.
Eligible investors may also submit Form
15G/15H for no deduction of tax.
4. FPI:
By virtue of CBDT Notification no. S.O.199 (E) dated
22nd January 2014, the tax provisions as applicable to
FIIs will also be applicable to Foreign Portfolio
Investors (FPI) [which includes Qualified Foreign
Institutional Investors (QFIs)]. By SEBI Circular no.
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UTI MF SAI (31.3.22)
IMD/FIIC/6/2014 dated March 28, 2014, SEBI has
provided that the FPI regime shall commence w.e.f.
June 01, 2014. SEBI has also issued operational
guidelines for Designated Depository Participants
(DDPs) as per which the SEBI approved DDPs would
grant registration to FPIs on behalf of SEBI and also
carry out other allied activities including tax
deduction/withholding in compliance under the FPI
Regulations. FPIs are also advised to consult their
DDPs on the taxation including TDS aspects.
The Finance Act, 2018 amended the provisions of
section 115AD of the Act to withdraw the exemption
of section 10(38) of the Act and provided that long-
term capital gains arising from transfer of long term
capital asset referred to in section 112A of the Act
will be liable to tax at the rate of 10% on such
income exceeding Rs. 1 lakh.
The Finance Act, 2021 inserted a proviso to section
196D(1) of the Act to grant relevant tax treaty
benefits with effect from 1 April 2021 at the time of
withholding tax on income with respect to securities,
subject to furnishing of tax residency certificate and
such other documents as may be required. As per
section 196D (2) of the Act, no TDS shall be made
in respect of income by way of capital gain arising
from the transfer of securities referred to in section
115AD of the Act.
5. Surcharge, Health & Education Cess:
The tax/TDS is to be increased by applicable
surcharge. Further, Health and Education Cess @ 4%
is to be charged on amount of tax and surcharge.
TDS is subject to the DTAA (Double Taxation
Avoidance Agreement) provisions.
6. Double Taxation Avoidance Agreement (DTAA)
and General Anti Avoidance Rules (GAAR)
As per CBDT Circular No. 728 dated October 30,
1995, in the case of remittance to a country with
which a DTAA is in force, the tax is to be deducted at
the rate provided in the Finance Act of the relevant
year or at the rate provided in the DTAA, whichever is
more beneficial to the assessee.
As per the Finance Act 2013:
a) submission of Tax Residency Certificate,
containing such particulars as may be
prescribed, is a prerequisite but not sufficient
condition for availing the benefits of the

DTAA. The assessee shall also provide
prescribed documents and information for
claiming benefits under DTAA,
b) the benefits of double taxation relief under
Chapter IX (containing DTAA provisions)
shall be subject to the provisions of General
Anti Avoidance Rules (GAAR) contained in
Chapter X-A of the Act. Further, the
provisions of Chapter X-A shall be applied in
accordance with such guidelines and subject
to such conditions and the manner as may be
prescribed.
For the unitholder to obtain the benefit of a lower rate
available under a DTAA, the unit holder is required to
provide the Mutual Fund with a certificate obtained
from his Assessing Officer stating his eligibility for the
lower rate.
The Finance Act 2013, interalia,
a) has omitted sub-section (2A) of section 90 of the
Act applicable from 1st April 2013 as per which the
provisions of Chapter X-A relating to GAAR apply to
assessee, even if such provisions are not beneficial to
the assessee.
c) inserted new sub-section (2A) of section 90 of
the Act applicable from 1st April 2015 as per
which the provisions of Chapter X-A of the
Act relating to GAAR shall apply to assessee,
even if such provisions are not beneficial to
the assessee.
d) omitted the present Chapter X-A of the Act
relating to GAAR w.e.f 1st April 2013 and
inserted new Chapter X-A(GAAR) w.e.f. 1st
April 2015.
By the Finance Act 2015, implementation of GAAR
was deferred by two years and GAAR provisions have
now been made applicable to the income of the
financial year 2017-18 and subsequent years and shall
be implemented as per the provisions of the Act and as
per the Rules/Guidelines issued thereunder.
7. Minimum Alternate Tax (MAT):
The provisions of MAT have been made applicable on
certain companies (Chapter XII-B) and certain other
persons (Chapter XII-BA) as per the provisions
contained therein. Income by way of long term capital
gains shall be taken into account in computing the
Book Profit and income tax payable. MAT provisions
are not applicable to an individual, HUF, or an AOP or
body of individuals, whether incorporated or not, or an
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artificial juridical person referred to in section
2(31)(vii) of the Act, if the adjusted total income of
such person does not exceed twenty lakh rupees.
8. Short Term Capital Losses
As per Section 94(7), where any person (a) buys or
acquires any units of mutual fund within a period of
three months prior to the record date and (b) sells or
transfers such unit within a period of nine months
after such date and the dividend or income on such
units received or receivable by such person is
exempt, then the loss, if any, arising to such person
on account of such purchase and sale of units, to the
extent such loss does not exceed such amount of
dividend or income received or receivable on such
units, shall be ignored for the purposes of computing
his income chargeable to tax.
Further, as per Section 94(8), where additional units
have been issued to any person without any payment,
on the basis of existing units held by such person then
the loss on sale of original units shall be ignored for
the purpose of computing income chargeable to tax, if
the original units were acquired within 3 months prior
to the record date fixed for receipt of additional units
and sold within 9 months from such record date and
the additional units are held on the date of
sale/transfer. However, the loss so ignored shall be
considered as cost of acquisition of such additional
units held on the date of sale by such person.
9. Investment by Trusts:
Investment in units of the Mutual Fund rank as eligible
form of investment under section 11(5) read with
section 13 of the Act and Rule 17C(i) of the Income
Tax Rules, 1962 for Public Religious & Charitable
Trust which are in compliance with the requirements
as laid down under the Act.
As per section 11(7) inserted by the Finance (No.2)
Act 2014, w.e.f. 1st April 2014, where a trust or an
institution has been granted registration for purpose of
availing of exemption under Section 11, and the
registration is in force for a previous year, then such
trust or institution cannot claim any exemption under
any provision of Section 10 [other than that relating to
exemption of agricultural income and income exempt
under Section 10 (23C)] for that previous year.
Consequently, these institutions will not be entitled to
claim exemption like exemptions pertaining to long-
term capital gain etc.

10. Higher TDS if PAN not available:
st
With effect from 01 April 2010, as per section
206AA, any person who is entitled to receive any sum
or income or amount on which tax is deductible under
Chapter XVIIB of the Act shall furnish Permanent
Account Number to the person responsible for
deducting such tax, failing which tax shall be deducted
at the rate mentioned in the relevant provisions of the
Act or at the rate in force or at the rate of twenty per
cent, whichever is higher. The provisions of section
206AA also apply to non-residents with an exception
in respect of payment of interest on long-term bonds as
referred to in section 194LC.
In order to reduce compliance burden, the Finance Act
2016 has amended section 206AA to provide that these
provisions shall not apply to a non-resident, not being
a company, or to a foreign company, in respect of
payment of interest on long term bonds any other
payment, subject to such conditions as may be
prescribed. The Finance Act 2020 also provides
reduced rate of deduction for payments to non resident
under section 194-O (payment of certain sums by e
commerce operator to e commerce participant)
In cases where PAN is not registered, higher rates will
apply as provided under section 206 AA of the
Act/as per the applicable provisions of the Income Tax
law.
There is no exemption provided from TDS
provisions under the Act for a unitholder having a
PAN Exempted KYC Reference Number (PEKRN).
Accordingly, it will be considered as a case of
PAN not available, and TDS shall be deducted
at applicable rates.
11. Linking of PAN with Aadhar:
Section 139AA of the Act read with Rule 114AAA
of the Income Tax Rules, The Taxation and Other
Laws (Relaxation of Certain Provisions) Ordinance
2020 and the Notification dated 24th June 2020, inter
alia, provide that where a person has failed to
intimate / link Aadhaar with PAN on or before 31st
March 2021, the PAN of such person shall become
inoperative immediately after the said date. Once a
person's PAN becomes inoperative, the person
would be deemed to have not furnished, intimated or
quoted PAN and accordingly be liable for
consequences under the Act. PAN will become
operative once the same is linked with Aadhaar with
effect from the date of such linking. By press release
dated 31st March 2021, of the Ministry of Finance,
the date for intimating/linking Aadhar with PAN has
been extended upto 30th June 2021.
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Impact on TDS deduction
Inoperative PAN will be deemed to be not furnished.
Moreover, TDS at higher of the following rates will
be applied.
(i) at the rate specified in the relevant provision
of the Income Tax Act; or
(ii) at the rate or rates in force; or
(iii) at the rate of twenty per cent
12. Non filing of income tax returns:
As per the Finance Act 2021, a new section 206(AB)
has been inserted w.e.f. 01st July 2021.
As per the amendments carried out by way of
Finance Act 2022, where tax is required to be
deducted at source, under the provisions of Chapter
XVIIB of the Act, other than sections 192, 192A,
194B, 194BB, 194-IA, 194-IB, 194LBC, 194M or
194N on any sum or income or amount paid, or
payable or credited to a ‘specified person” (as
defined under this section) who has not filed the
income tax return for the assessment year relevant
to the previous year immediately preceding the
financial year in which tax is to be deducted or tax
has to be collected (under section 206CCA), as the
case may be, and the amount of TDS/TCS is
Rs.50,000/- or more in the said previous year, in
such an event, tax shall be deducted at source at
higher of the following rates:
(i) at twice the rate specified in the
relevant provision of the Act; or
(ii) at twice the rate or rates in force; or
(iii) at the rate of five per cent.
It further provides that if section 206AA is
applicable to a specified person, in addition to
section 206AB, tax shall be deducted at higher of the
two rates provided in section 206 AB and in section
206AA.
As per this section, “Specified Person” shall not
include a non resident who does not have a
permanent establishment in India.
13. Merger/Consolidation of Schemes/Plans of
MFs:
Tax neutrality has been provided to unit holders upon
consolidation or merger of mutual fund schemes/plans
provided that the consolidation is of two or more
schemes/plans of an equity oriented fund or two or

more schemes/plans of a fund other than equity
oriented fund.
As per section 2(42A), section 47 and section 49
pursuant to mergers/consolidations of the
Schemes/Plans, units of consolidating scheme/plan
surrendered by unitholders in lieu of receipt of units of
the consolidated scheme/plan shall not be treated as
transfer and capital gains tax will not be imposed on
unitholders under the Income-tax Act.
However, it may be noted that when the unitholders
transfers the units of the consolidated scheme/plan,
such transfer will attract applicable capital gains tax
and STT. The following provisions shall also apply
Cost of Acquisition: The cost of acquisition of the
units of consolidated scheme/plan shall be the cost of
units in the consolidating scheme.
Period of holding: The period of holding of the units
of the consolidated scheme/plan shall include the
period for which the units in consolidating
schemes/plans were held by the unitholder.
Consolidating Scheme/Plan and Consolidatied
Scheme/Plan: Consolidating Scheme/Plan will be the
scheme/plan of a mutual fund which merges under the
process of consolidation of the schemes/plans of
mutual fund in accordance with the SEBI (Mutual
Funds) Regulations, 1996 and consolidated
scheme/plan will be the scheme/plan with which the
consolidating scheme/plan merges or which is formed
as a result of such merger.
Segregated Portfolio: As per the Finance Act 2020,
income tax position in respect of Segregated
Portfolio is as under:
(a) Holding Period of Segregated Units:
Definition of Short-Term Capital Asset is
amended. As per the amendment, in the
case of a capital asset, being a unit or units
in a segregated portfolio, there shall be
included the period for which the original
unit or units in the main portfolio were held
by the assessee.
(b) Cost of Acquisition: (i) Cost of acquisition
of a unit or units in the segregated portfolio
shall be the amount which bears, to the cost
of acquisition of a unit or units held by the
assessee in the total portfolio, in the same
proportion as the net asset value of the asset
transferred to the segregated portfolio bears
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to the net asset value of the total portfolio
immediately before the segregation of
portfolios.
(ii) Cost of the acquisition of the original
units held by the unit holder in the main
portfolio shall be reduced by the amount as
so arrived for the units of segregated
portfolio.
(iii) Definitions of “main portfolio”,
“segregated portfolio” and “total portfolio”
will be as provided in the SEBI circular
dated 28th December 2018.
14. Wealth Tax
Units of Mutual Fund are not covered under the
definition of ‘assets’ under section 2(ea) of the Wealth
Tax Act, 1957, and hence value of investment in units
is completely exempt from Wealth Tax. By the
Finance Act 2015, Wealth tax has been abolished.
15. Gift Tax
The Gift Tax Act, 1958 has abolished the levy of Gift
Tax in respect of gifts made on or after 1st October
1998. Thus, gifts of units on or after 1st October 1998
are exempt from Gift Tax. Further, subject to certain
exceptions, gifts from any person exceeding
Rs.50,000/- are taxable as income in the hands of
donee pursuant to section 2(24)(xv) of the Act read
with section 56(2)(x) of the Act.
16. Redemption by the Unit holder due to change in
the fundamental attributes of the Scheme or due to
any other reasons may entail tax consequences.
UTI Trustee Company, UTI AMC, UTI Mutual
Fund shall not be liable for any such tax
consequences that may arise.
17. Applicability of Stamp duty on Mutual fund
transactions
Pursuant to Notification No. S.O. 4419(E) dated
December 10, 2019 issued by Department of
Revenue, Ministry of Finance, Government of India,
read with Part I of Chapter IV of Notification dated
February 21, 2019 issued by Legislative Department,
Ministry of Law and Justice, Government of India
on the Finance Act, 2019 and SEBI letter dated
SEBI/IMD/DF2 /OW/P/2020/11099/1 dated June
29, 2020 a stamp duty at the prescribed rate (at
present @ 0.005%) of transaction value (amount for
which units are allotted excluding any other
deduction such as transaction charges) would be
levied on Subscriptions (including lumpsum and

through systematic investments such as Systematic
Investment Plans, systematic transfer Plan) , Switch-
ins,Dividend reinvestments etc. for units both in
demat or physical mode, with effect from July 01,
2020. Accordingly, pursuant to levy of stamp duty,
the number of units allotted to all applicable mutual
fund transactions would be reduced to the extent of
stamp duty amount. Different stamp duty rates apply
for other type of transactions in securities/units of
the schemes of mutual fund.
B. Legal Information
Nomination Facility :
PLEASE REFER TO SECTION - HOW TO
APPLY? for details on Nomination Facility
KYC Requirements:
PLEASE REFER TO SECTION - HOW TO
APPLY? for details on KYC Requirements
Prevention of Money Laundering:
The Prevention of Money Laundering (Amendment)
Act, 2005, (the Act) No.20 of 2005, and the Rules
made thereunder have been made applicable from the
1st day of July, 2005. The same are required to be
complied for making disclosures by the investors, and
for complying with the procedures etc. as required
under the Act and the Rules made thereunder. The
applicant / joint applicant / alternate applicant /
unitholder(s) shall be required to comply with all the
procedures and make all the disclosures as required for
the purposes of the Act, Rules.
SEBI had vide its circular no. ISD/CIR/RR/AML/1/06
dated 18th January 2006, directed all intermediaries,
including Mutual Funds, to formulate and implement
policies and procedures for dealing with money
laundering and adoption of Know Your Client (KYC)
Policy. The intermediaries may according to their
requirements specify additional disclosures to be made
by clients for the purpose of identifying, monitoring
and reporting incidents of money laundering and
suspicious transactions undertaken by the investor(s) /
unitholder(s). SEBI had also vide its circular no.
ISD/CIR/RR/AML/2/06 dated 20th March 2006,
advised all intermediaries, including Mutual Funds,
interalia, reporting of information relating to cash and
suspicious transactions to the Director, Financial
Intelligence Unit-India (FIU-IND), an Authority under
the Act.
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As per SEBI Circular MISRD/Cir-26/2011 dated
December 23, 2011, it is mandatory for SEBI
registered intermediaries to carry out “In-Person
Verification” of the investors for investments in a
mutual fund.
SEBI has issued circulars/master circulars from time
to for prevention of money laundering and
compliance of KYC requirements. SEBI has also
issued Master Circular no. SEBI/ HO/ MIRSD/
DOP/ CIR/ P/ 2019/113 dated October 15 2019,
regarding Guidelines on Anti-Money Laundering
(AML) Standards and Combating the Financing of
Terrorism (CFT) /Obligations of Securities Market
Intermediaries under the Prevention of Money
Laundering Act, 2002 and Rules framed there under.
SEBI also issued circular no.
HO/MIRSD/DOP/CIR/P/2019/123 dated
November 05 2019 for e-kyc authentication
facility for resident investors.
AMFI has also issued circulars/best practices
guidelines for the purpose.
The investor(s) / unitholder(s) including guardian(s)
where investor / unitholder is a minor, must ensure that
the amount invested in the Scheme is derived only
through legitimate sources and does not involve and is
not designed for the purpose of any contravention or
evasion of the provisions of all the applicable laws,
rules and regulations, directions issued by the
appropriate authority (the applicable laws) in force
from time to time including the Prevention of Money
Laundering Act, the Income Tax Act, 1961, or the
Prevention of Corruption Act, 1988, etc.
UTI Mutual Fund / UTI Trustee Company / UTI
AMC reserve the right to take all steps and actions,
including recording investor(s) / unitholder(s)
telephonic calls, and / or obtain and retain
documentation for establishing the identity of the
investor, proof of residence, source of funds etc. in
accordance with the applicable laws, from the
investor(s) / unitholder(s), as may be required, to
ensure the appropriate identification / verification / re-
verification of the investor(s) / unitholder(s), the
source of funds etc. under its KYC Policy.
If at any time, UTI Mutual Fund / UTI Trustee
Company / UTI AMC believe that the transaction is
suspicious in nature within the applicable laws, UTI
AMC shall have the absolute discretion to report the
suspicious transaction to FIU-IND and or to freeze the
account, reject any application or compulsorily redeem

the units of the investor(s) / unitholder(s) at NAV
subject to payment of exit load, if any, and such
guidelines, as applicable in this regard. UTI Mutual
Fund, UTI Trustee Company, UTI AMC shall have no
obligation to inform / advise the investor(s) /
unitholder(s) or its agents or distributors of such
reporting.
The above provisions shall also apply for the person(s)
acquiring the units by operation of law, for e.g. by way
of transmission.
UTI Mutual Fund, UTI Trustee Company, UTI Asset
Management Company Ltd. and their Directors,
employees, Registrars and Transfer Agents to the
scheme and agents, shall not be responsible / liable in
any manner whatsoever due to the freezing of the
accounts / folios or rejection of any application for
investments in the units of the scheme or compulsory
redemption of the units of the scheme due to non-
compliance by the investor(s) / unitholders(s) with the
provisions of the above mentioned laws, rules,
regulations, KYC policy etc. and / or where UTI Asset
Management Company Ltd. believes any transaction
to be suspicious in nature within the purview of the
applicable laws, rules, regulations etc.
Foreign Account Tax Compliance Act (FATCA)
Investment in the Units is also subject to various
requirements/conditions under Foreign Account Tax
Compliance Act (FATCA) of the United States of
America with the objective of tackling tax evasion
through obtaining information in respect of offshore
financial accounts maintained by USA residents and
citizens. India and USA have entered into Inter-
Governmental Agreement (IGA) in July, 2015 which,
interalia, provides that the Indian FIs (including
Mutual Funds) will provide necessary information to
the Indian tax authorities, which will then be
transmitted to USA periodically.
These developments will also enable the Indian tax
authorities to automatically receive information of
Indian residents who have stashed assets in foreign
participating jurisdictions.
Common Reporting Standard (CRS)
To combat the problem of offshore tax evasion and
avoidance and stashing of unaccounted money abroad
requiring cooperation amongst tax authorities, the G20
and OECD countries have developed a Common
Reporting Standard (CRS) on Automatic Exchange of
Information (AEOI). India has joined Multilateral
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Competent Authority Agreement to implement
Automatic Exchange of Information based on
Common Reporting System (CRS) for automatic
exchange of information. From the year 2017, amongst
several other countries, India has started sharing tax
information on automatic basis.
The CRS on AEOI requires the financial institutions of
the “source” jurisdiction to collect and report
information to their tax authorities about account
holders “resident” in other countries, such information
having to be transmitted “automatically’ on yearly
basis. The information to be exchanged relates not
only to individuals but also to shell companies and
trusts having beneficial ownership or interest in the
“resident” countries. Further, the reporting needs to be
done for a wide range of financial products, by a wide
variety of financial institutions including banks,
depository institutions, collective investment vehicles,
mutual funds and insurance companies.
These are very wide in scope and obliges the treaty
partners to exchange a wide range of financial
information, including that about the ultimate
controlling persons and beneficial owners of entities.
For implementation of the FATCA and CRS,
amendments have been made to section 285BA of the
Income Tax Act, 1961 and necessary rules and
guidelines have been framed. Under the FATCA and
CRS bulk taxpayer information will periodically be
sent by the source country of income to the country of
residence of the taxpayer.
TRANSFER/PLEDGE/ASSIGNMENT OF UNITS
1. Units issued in demat form are freely transferable
in accordance with Regulation 37 of the SEBI
(Mutual Funds) Regulations 1996 and SEBI
circular no. CIR/IMD/DF/10/2010 dated August
10, 2010 subject to applicable restrictions like -
lock-in period etc. The investors prior to acquiring
the units should check their eligibility to acquire
the units, restrictions/implications on transfer of
units including in ELSS/RGES/ULIP Schemes,
and the units can be acquired only in accordance
with the provisions contained in the SID, SAI, as
amended.
2. Further, if a person (including NRIs) becomes a
holder of units under a scheme by operation of
law or due to death, insolvency or winding up of
the affairs of a unitholder or survivors of a joint
holder then subject to production of such evidence

which in the opinion of UTI AMC is sufficient,
UTI AMC may effect the transfer/transmission if
the intended transferee is otherwise eligible to
hold units. Transfer/transmission of units in such
cases will be subject to compliance of operational
requirements as may be specified by UTI AMC
from time to time.
3. Lien on Units by UTI AMC : The UTI Mutual
Fund / UTI AMC shall have a first and paramount
right of lien/set off with respect to every
unit/dividend under the Scheme for any money
that may be owed by the unitholder to it and such
units shall not be available for
redemption/switchover until the payment proceeds
from the unitholder are realised by the UTI AMC.
In case a unitholder redeems units or opt for
switchover of the units soon after making
purchases, the redemption cheque will not be
despatched/switchover shall not be effected until
sufficient time has elapsed to provide reasonable
assurance that cheques or drafts for units
purchased have been cleared.
In case the cheque / draft is dishonoured by the
bank, the transaction shall be reversed and the
units allotted earlier shall be cancelled, and a fresh
Account statement mentioning the cancellation of
the units due to the non-receipt of the
consideration for the subscription of units shall be
despatched to the Unitholder.
4. “Pledge/Lien of units permitted in favour of
banks/financial institutions, debenture trustees and
other categories as follows:
Pledge of Units in favour of lenders of the
unitholders: The Units under the Scheme, subject
to applicable restrictions like lock-in period etc.,
may be offered by the unitholder/s (Pledgor) as
security by way of a pledge/lien in favour of
scheduled banks (banks), financial institutions,
debenture trustees, NBFC’s or any other body/any
other category (Pledgee), all specifically approved
by the UTI AMC and by completing the requisite
forms/formalities in all respects, as may be
required, by UTI AMC. Upon a specific
authorisation request made by the Pledgor and
upon completing necessary operational
guidelines/formalities by the Pledgor and the
Pledgee, as mentioned herein or as may be
decided by the UTI AMC from time to time, the
UTI AMC will instruct the Registrar to mark a
pledge/lien for such period as may be required, on
93
UTI MF SAI (31.3.22)
the Units standing to the credit of the unit holders
account.
However, the disbursement of such loans will be
at the entire discretion of the concerned
bank/financial institution/ any other body and
the UTI AMC/UTI Trustee Company/ UTI
Mutual Fund/Registrar assume(s) no
responsibility thereof. If by enforcing the pledge
/lien, the Pledgee seeks to transfer the units and
have them registered in its name, then the UTI
AMC shall comply with the request, if the
intended transferee is otherwise eligible to hold
the units, necessary documentary evidence is
made available and UTI AMC is satisfied with
the bonafides. No Pledge or lien shall be
recognised by the UTI AMC unless it is
registered with the Registrar and the
acknowledgement has been received.
UTI AMC may change operational
guidelines/formalities for pledge/lien on units,
as mentioned herein or as may be issued from
time to time, which shall be binding on Pledgor
and Pledgee.
Notwithstanding anything contained herein, the
Pledgor will not be able to redeem/switch units
that are pledged until the Pledgee provides
written authorization, in the form and manner as
may be required by the UTI AMC that the
pledge/lien may be removed. As long as units
are pledged, the Pledgee will have complete
authority to redeem/transfer such units if UTI
AMC is satisfied with the bonafides.
Encumbrance including pledge or lien cannot be
created on Units/ UCRs held by QFIs.
ELSS Schemes:
As per the CBDT notifications, units issued under the
Equity Linked Savings Scheme (ELSS) can be pledged
as mentioned above only after three years of the issue
of the units.
TERMINATION / WINDING UP OF THE
SCHEME
1. The winding up/termination of the scheme
shall be governed by SEBI (Mutual Funds) Regulation,
1996. In case of any inconsistency contained in the
provisions of this SAI with the SEBI (Mutual Funds)
Regulations, 1996, the SEBI (MF) Regulations shall
prevail. A close-ended scheme shall be wound up on

the expiry of duration fixed in the scheme on the
redemption of the units unless it is rolled over for
further period in accordance with SEBI (Mutual
Funds) Regulations, 1996.
2. A scheme is to be wound up::
a. on the happening of any event which in the
opinion of the Trustee requires the scheme to be
wound up; or
b. if 75% of the unit holders of the schemes pass
a resolution to the effect that the scheme be wound up;
or
c. if the SEBI so directs in the interest of the
unit holders of the scheme; or
d. if the outstanding unit holding falls below a limit to
be decided by the Trustee.
3. Where a scheme is to be wound up, the
trustees shall give notice within one day,
disclosing the circumstances leading to the
winding up of the scheme to SEBI and in two
daily newspapers having circulation all over
India, a vernacular newspaper in Mumbai:
Provided that where a scheme is to be wound
up under clause (2) (a) above, the trustees
shall obtain consent of the unit holders
participating in the voting by simple majority
on the basis of one vote per unit and publish
the results of voting within forty five days
from the publication of notice, However, in
case the trustees fail to obtain the required
consent of the unitholders under clause (2) (a),
the schemes shall be reopened for business
activities from the second business day after
publication of results of the voting.
4. On and from the date of publication of notice
indicating the termination/winding up, the Trustee or
the AMC as the case may be shall cease to carry on
any business activities in respect of the scheme and
cease to create, issue, redeem or cancel units in the
scheme.
5. The Trustee shall call a meeting of the unit
holders of the scheme to consider and pass necessary
resolution by simple majority of the unit holders
present and voting at the meeting for authorising the
Trustees or any other person to take steps for
termination/winding up of the scheme. However,
meeting of the unitholders shall not be necessary if the
Scheme is wound up / terminated at the end of the
maturity period of the Scheme.
94
UTI MF SAI (31.3.22)
6. The Trustee or the person authorised under
(5) above shall dispose of the assets of the scheme in
the best interest of the unit holders of the scheme.
7. The proceeds of sale made in pursuance of (6)
above, shall, in the first instance be utilised towards
discharge of such liabilities as are properly due and
payable under the scheme and after making
appropriate provision for meeting the expenses
connected with such winding up / termination, the
balance shall be paid to the unit holders of the scheme
in proportion to their respective interest in the assets of
the scheme as on the date when the decision for
winding up/termination was taken.
8. UTI AMC shall despatch the redemption/repurchase
value, as early as possible but not later than 10
business days after the date of duly discharged unit
certificate / SOA along with the redemption request or
any other type of document as may be prescribed from
time to time, duly discharged has been received by it at
the processing centre and/or other procedural and
operational formalities are complied with. The SOA,
the redemption request and other forms, if any, shall
be retained by UTI AMC for cancellation. UTI AMC
may at its discretion dispense with the requirement of
calling back the unit certificate/ SOA.
9. On completion of the winding up/termination,
the Trustee shall forward to the SEBI and the unit
holders of the scheme a report on the winding up
containing particulars such as circumstances leading to
the winding up/termination, the steps taken for
disposal of assets of the scheme before winding
up/termination, expenses of the scheme for winding
up/termination, net assets available for distribution to
the unit holders and a certificate from the auditors of
the scheme.
10. Notwithstanding anything contained herein above,
the applicability of the provisions of SEBI (MFs)
Regulations in respect of disclosures of half yearly
reports and annual report shall continue until winding
up/termination is completed or the scheme ceases to
exist.
11. After the receipt of the report referred to in item
(8) above, if the SEBI is satisfied that all measures for
winding up/termination of the scheme has been
completed, the scheme shall cease to exist.

12. The Trustee, UTI AMC, UTI Mutual Fund shall
not be liable for any of the tax consequences that may
arise, in the event that the Schemes are wound up for
any reason.
RESTRICTION ON REDEMPTION OF UNITS:
Restriction in redemption of units may be imposed in
accordance with the regulatory dispensation from time
to time including SEBI Circular no.
HO/IMD/DF2/CIR/P/2016/57 dated 31st May 2016 as
under:
C. General Information
(i) Restriction may be imposed on redemption of units
when there are circumstances leading to a systemic
crisis or event that severely constricts market liquidity
or the efficient functioning of markets such as:
(a) Liquidity issues - when market at large becomes
illiquid affecting almost all securities rather than any
issuer specific security. AMCs should have in place
sound internal liquidity management tools for
schemes. Restriction on redemption cannot be used as
an ordinary tool in order to manage the liquidity of a
scheme. Further, restriction on redemption due to
illiquidity of a specific security in the portfolio of a
scheme due to a poor investment decision, shall not be
allowed.
(b) Market failures, exchange closures - when markets
are affected by unexpected events which impact the
functioning of exchanges or the regular course of
transactions. Such unexpected events could also be
related to political, economic, military, monetary or
other emergencies.
(c) Operational issues – when exceptional
circumstances are caused by force majeure,
unpredictable operational problems and technical
failures (e.g. a black out). Such cases can only be
considered if they are reasonably unpredictable and
occur in spite of appropriate diligence of third
parties, adequate and effective disaster recovery
procedures and systems.
(ii) Restriction on redemption may be imposed for a
specified period of time not exceeding 10 working
days in any 90 days period.
(iii) Any imposition of restriction would be with the
specific approval of Board of AMCs and Trustees
and the same will be informed to SEBI immediately.
(iv) When restriction on redemption is imposed, the
following procedure shall be applied:
95
UTI MF SAI (31.3.22)
(a) No redemption requests upto INR 2 lakh
shall be subject to such restriction.
(b) Where redemption requests are above INR
2 lakh, AMCs shall redeem the first INR 2
lakh without such restriction and remaining
part over and above INR 2 lakh shall be
subject to such restriction.
The information/requirements provided in this
Item/Section may undergo modifications due to
changes in regulatory dispensation.
Capitalisation and issue of bonus units
(a) The Trustee may utilise any sums from
reserves, unit premium or any such reserves
including the amount of distributable
surpluses of the scheme for issue of Bonus
units.
(b) Bonus units may be issued under the scheme,
as may be decided by the Trustee from time to
time.
(c) Bonus units, when issued, will be in
proportion to the unit holding of the
unitholder as on the record date to be fixed for
that purpose.
(d) The Trustee may accordingly make
appropriations and applications of the sum
decided by it to be so capitalised by allotment
and issue of fully paid-up units as bonus units,
and generally do all acts and things required
to give effect thereto.
(e) The bonus units so allotted and issued as
aforesaid will as regards rights and
entitlements rank pari passu with the units in
existence on the record date in respect of
which they are allotted and issued to all
intents and purposes.
(f) Interest created / options exercised by a
unitholder on the units under a folio by way
of nomination, if any, will automatically
apply to the bonus units.
(g) Pursuant to allotment of bonus units, the
NAV of the scheme would fall in proportion

to the bonus units allotted and as a result, the
total value of units held by the unitholder
would remain the same.
(h) No entry and exit load shall be charged on
bonus units issued.
Reinvestment of Dividend Distribution
1. Unitholders if they so desire, will have the
facility to reinvest the dividend payable to
them, into further units of the respective
scheme(s)/plan(s).
2. On exercising of such an option the full
amount of such dividend payable to any
unitholder, after deduction of tax, if any, shall
be reinvested into further units of the
respective scheme(s)/plan(s) at the NAV as on
the record date less dividend per unit declared.
3. No entry and exit load shall be charged on
units allotted on reinvestment of Dividend.
4. The reinvestment, if any, shall be treated as
constructive payment of dividend to the
unitholders as also constructive receipt of
payment of the amount by the unitholders.
5. Applicants desiring to opt for the reinvestment
of dividend distribution at the time of joining
the scheme/plan(s) may indicate the same on
the application.
6. The unitholders can also opt for reinvestment
of dividend distribution at a later date by
giving a suitable application on a plain paper
or by filling up the prescribed composite
service form or in such other manner as may
be prescribed from time to time.
7. Unitholders who have opted for a particular
mode of payment will continue to receive
dividend distribution under the mode opted
for, till such time the mandate is revoked by
them in writing within such period as may be
decided by UTI AMC from time to time.
Underwriting
For the period April 1, 2018 to March 31, 2021
Underwriting obligation taken by scheme in respect
of issues of securities of associate companies – NIL
96
UTI MF SAI (31.3.22)
SOFT-DOLLAR ARRANGEMENTS
The SEBI vide its circular ref. no.
SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18,
2016 has required AMCs to make disclosure with
respect to “Soft Dollar Arrangements” with brokers.
Soft Dollar arrangements refers to an arrangement
between AMCs and brokers in which the AMC
executes trades through a particular broker and in
turn the broker may provide benefits such as free
research, hardware, software or even non-research-
related services etc., to the AMC that are in the
interest of investors and the same should be suitably
disclosed.
In this regard, it may be noted that UTI Asset
Management Company Ltd. (UTI AMC) does not
have any Soft-Dollar arrangements with any of its
brokers. However brokers may on voluntary basis
provide free research reports, which might be one of
the inputs in fund management process. We do not
have any liability to use the services of any broker in
lieu of these research reports.
Securities Lending and Borrowing
(i) Schemes may participate in the securities
lending program, in accordance with the terms
of securities lending scheme announced by
SEBI. The activity shall be carried out through
approved intermediary.
(ii) The maximum exposure of the scheme to a
single intermediary in the securities lending
program at any point of time would be 10% of
the market value of the security class of the
scheme or such limit as may be specified by
SEBI.
(iii) If Mutual Funds are permitted to borrow
securities, the scheme may, in appropriate
circumstances borrow securities in accordance
with SEBI guidelines in that regard.
Benchmarking of Equity and Hybrid Schemes’
performance to Total Return Index (TRI)
Pursuant to SEBI circular No.
SEBI/HO/IMD/DF3/CIR/P/2018/04 dated January 4,
2018, the investors are requested to note the
following changes.
1. The performance of the existing and
prospective equity and hybrid schemes is

being benchmarked to the Total Return
variant of the Index chosen as a benchmark.
2. In case, TRI is not available for that
particular period(s) to benchmark the
scheme’s performance, a composite CAGR
(Compounded Annualized Growth Rate)
figure of the performance of the PRI (Price
Return Variant of the Index) benchmark
(till the date from which TRI is available)
and TRI (subsequently) to compare the
performance of the scheme is used.
3. In terms of SEBI Circular No.
SEBI/HO/IMD/IMD-II DF3/ P/
CIR/2021/652 dated October 27, 2021 in
order to standardize and bring uniformity in
the benchmarks of Mutual Fund schemes,
there would be a two tiered structure for
benchmarking of schemes for certain
categories of schemes. The first tier
benchmark is reflective of the category of
the scheme and the second tier benchmark
is demonstrative of the investment style /
(d)
Associate Transactions
UTI MF SAI (31.3.22)
strategy of the Fund Manager within the
category. The second tier Benchmark is
optional and is to be decided by the AMC.
All the benchmarks followed for the
schemes would be Total Return Indices.
Inter Scheme Transfer of Investments
Transfer of investments from / to the scheme to/from
another scheme/s/plan/s of UTI Mutual Fund shall
be done only if-
(a) such transfers are on spot basis and are at the
prevailing market price for traded instruments.
Explanation: "spot basis" shall have the same
meaning as specified by the stock exchanges for
spot transactions;
(b) the securities so transferred are in conformity
with the investment objective of the scheme/s /
plan/s to which such transfers are made;
(c) The Mutual Fund shall not transfer illiquid
securities from/to the scheme to/from other
schemes/plans of the Mutual Fund. Illiquid
securities are defined as non-traded, thinly
traded and unlisted equity shares; and
NPAs of other schemes will not be acquired by the scheme.

a) For the period April 1, 2019 to March 31, 2022

(i) Underwriting obligation taken by scheme in respect of issues of securities of associate companies –
NIL
(ii) Devolvement – NIL

Subscription in issues lead managed by associate company for the period April 1, 2019 to March 31, 2020:
Type of Amt.
Date Name of Co. Instrument Lead Manager
issue Invested
06.05.19 Vodafone Idea Ltd Equity Shares Rights Offer Rs. 2.77 Crs SBI Cap
25.09.19 Axis Bank Ltd Equity Shares QIP Rs. 85.00 SBI Cap
Crs

10.10.19 IRCTC Ltd Equity Shares IPO Rs. 0.32 Cr SBI Cap

Subscription in issues lead managed by associate company for the period April 1, 2020 to March 31, 2021:

Date Name of the company Instrument Type of Amount Lead

Issue Invest/Buyback Manager
29.05.20 Kotak Mahindra Bank Equity Share QIP Rs.7.557 crs SBI cap

11.06.20 RIL Partly Paid Equity Rights Rs.66.67 crs SBI Cap
Shares
29.07.20 Shriram Transport Equity Shares Rights Rs.2.29 crs SBI Cap
Finance Company
04.08.20 Aditya Birla Fashion Partly Paid Equity Rights Rs.16.57 crs SBI Cap
Shares

97
 UTI MF SAI (31.3.22)
10.08.20 Axis Bank Ltd Equity Shares QIP Rs.34.99 crs SBI Cap
10.08.20 HDFC Ltd Equity Shares QIP Rs.7.39 crs SBI Cap
10.08.20 HDFC Ltd Warrants QIP Rs.2.99 crs SBI Cap

14.08.20 ICICI Bank Equity Shares QIP Rs.11.24 crs SBI Cap
19.08.20 M&M Financial Ser Equity Shares Rights Rs.6.91 crs SBI Cap
27.01.2021 Aditya Birla Fashion and Partly Paid Equity Rights Rs.8.49 crs SBI cap
(Allotment Retail Ltd Shares- First Call
on Payment
11.02.2021)
15.02.2021 L&T Finance Holding Equity Shares Rights Rs.0.58 crs SBI Cap
26.03.2021 Barbeque Nation Equity Shares IPO Rs.29.67 crs SBI Cap
(Allotment Hospitality Ltd
on
05.04.2021)

Subscription in issues lead managed by associate company for the period April 1, 2021 to March 31, 2022:

Date Name of the company Instrument Type of Amount Lead Manager

Issue Invest/Buyback
28.05.2021 Reliance Industries Ltd Partly Paid Equity Rights Rs.43.84 crs SBI cap
Shares
24.06.2021 Indian Bank Equity Shares QIP Rs.4.41 crs SBI Cap
06.07.2021 GR Infraprojects Ltd. Equity Shares Anchor Rs.12.99 crs SBI Cap

15.07.2021 GR Infraprojects Ltd Equity Shares IPO Rs.1.10 crs SBI Cap
19.07.2021 Aditya Birla Fashion Partly Paid Equity Rights Rs.8.00 crs SBI Cap
And Retail Ltd Shares- Final Call
Payment
03.08.2021 Windlas Biotech Ltd Equity Shares Anchor Rs.10.00 crs SBI Cap
11.08.2021 Windlas Biotech Ltd Equity Shares IPO Rs.0.60 crs SBI Cap
28.09.2021 Aditya Birla Sun Life Equity Shares Anchor Rs.15.00 crs SBI Cap
AMC ltd
07.10.2021 Aditya Birla Sun Life Equity Shares IPO Rs.4.26 crs SBI Cap
AMC ltd
17.02.2022 Equitas Small Finance Equity Shares QIP Rs.5.00 crs SBI Cap
Bank Ltd
23.03.2022 Ruchi Soya Industries Equity Shares FPO Rs.34.99 crs SBI Cap
Ltd

Subscription to any issue of equity or debt on private placement basis where the sponsor or its associate
companies has acted as arranger or manager for the period April 1, 2019 to March 31, 2020:
Date Name of Co. Instruments Type of Amt. Invest. Lead
issue (Crs) Manager
16.04.19 REC Ltd NCDs Private 215.00 SBI Cap
Placement

98
 UTI MF SAI (31.3.22)
18.04.19 National Bank for NCDs Private 20.02 PNB Gilts Ltd
Agriculture and Rural Placement
Development
15.05.19 Small Industries NCDs Private 300.00 PNB Gilts Ltd
Development Bank of Placement
India
20.05.19 National Highways NCDs Private 300.00 SBI Cap
Authority of India Placement
17.07.19 NTPC Ltd NCDs Private 100.00 PNB Gilts Ltd
Placement
29.07.19 Indian Railway Finance NCDs Private 100.00 SBI Cap &
Corporation Ltd Placement PNB Gilts Ltd
11.09.19 Housing and Urban NCDs Private 200.00 SBI Cap
Development Corporation Placement
13.09.19 National Highways NCDs Private 50.00 SBI Cap
Authority of India Placement
Air India Assets Holding NCDs Private 150.00 SBI Cap
18.09.19 Ltd Placement
15.10.19 Hindustan Petroleum NCDs Private 10.00 SBI Cap &
Corporation Ltd Placement PNB Gilts Ltd
(EBP)
22.10.19 Air India Assets Holding NCDs Private 100.00 SBI Cap
Ltd Placement
06.11.19 Indian Railway Finance NCDs Private 50.00 SBI Cap &
Corporation Ltd Placement PNB Gilts Ltd
13.11.19 REC Ltd NCDs Private 150.00 PNB Gilts Ltd
Placement
26.11.19 REC Ltd NCDs Private 15.00 SBI Cap &
Placement PNB Gilts Ltd
31.01.20 National Bank for NCDs Private 600.00 SBI Cap &
Agriculture and Rural Placement PNB Gilts Ltd
Development
10.02.20 National Bank for NCDs Private 50.00 SBI Cap &
Agriculture and Rural Placement PNB Gilts Ltd
Development
18.02.20 Exim Bank NCDs Private 50.00 SBI Cap &
Placement PNB Gilts Ltd

Subscription to any issue of equity or debt on private placement basis where the sponsor or its associate companies has
acted as arranger or manager for the period April 1, 2020 to March 31, 2021::
Date Name of Co. Instrument Type of issue Amt. Invested Lead Manager
20.04.20 PFC Bond Private Rs.50 crs SBI Cap &
Placement PNB Gilt
(EBP)
22.04.20 REC Bond -DO- Rs.100 crs SBI Cap
11.05.20 REC Bond -DO- Rs.200 crs SBI Cap &
PNB Gilt
13.05.20 NHB Bond -DO- Rs.275 crs PNB Gilt
15.05.20 PFC Bond -DO- Rs.50 crs SBI Cap &
PNB Gilt

99
 UTI MF SAI (31.3.22)
22.05.20 PFC Bond -DO- Rs.325 crs SBI Cap &
PNB Gilt
28.05.20 NHAI Bond -DO- Rs.100 crs SBI Cap &
PNB Gilt
08.06.20 REC Bond -DO- Rs.25 crs SBI Cap &
PNB Gilt
11.06.20 PFC Bond -DO- Rs.100 crs PNB Gilt
17.07.20 Chennai Petroleum Bond -DO- Rs.200 crs PNB Gilt
Corporation
14.07.20 PFC Bond -DO- Rs.212.46 crs PNB Gilt
20.08.20 PFC Bond -DO- Rs.20 crs SBI Cap &
PNB Gilt
17.09.20 PFC Bond -DO- Rs.150 crs SBI Cap &
PNB Gilt
15.10.2020 NTPC Bond Private Rs.50 crs SBI Cap &
Placement PNB Gilt
(EBP)
20.10.2020 Indian Oil Corporation NCD -DO- Rs.25 crs SBI Cap &
PNB Gilt
21.10.2020 ONGC NCD -DO- Rs.50 crs PNB Gilt
23.10.2020 HPCL NCD -DO- Rs.320 crs PNB Gilt &
SBI Cap
29.10.2020 IRFC Bond -DO- Rs.350 crs SBI Cap
31.12.2020 Canara Bank Bond -DO- Rs.100 crs SBI Cap
11.01.2021 ONGC NCD -DO- Rs.100 crs SBI Cap &
PNB Gilt
13.01.2021 REC Ltd Bond -DO- Rs.150 crs SBI Cap
13.01.2021 Indian Bank Bond -DO- Rs.200 crs SBI Cap
19.01.2021 NABARD NCD -DO- Rs.325 crs SBI Cap &
PNB Gilt
28.01.2021 REC Ltd Bond -DO- Rs.100 crs PNB Gilt
05.02.2021 IRFC Bond -DO- Rs.590 crs PNB Gilt
12.02.2021 NABARD NCD -DO- Rs.50 crs PNB Gilt

Subscription to any issue of equity or debt on private placement basis where the sponsor or its associate companies has
acted as arranger or manager for the period April 1, 2021 to March 31, 2022:

Amount
Name of the
Date Invested Instrument Type of Issue Lead Manager
Company
(Rs. Crores)

Private Placement SBI Capital Markets Ltd &

22.04.2021 REC Ltd 100.00 Bond
(EBP) PNB Gilt

Private Placement
28.04.2021 NABARD 100.00 NCD PNB Gilt
(EBP)

100
 UTI MF SAI (31.3.22)

Private Placement SBI Capital Markets Ltd &

30.07.2021 IRFC 125.00 Bond
(EBP) PNB Gilt

Food Corporation of Private Placement

13.08.2021 650.00 Bond PNB Gilt
India (EBP)

Power Finance Corp. Private Placement SBI Capital Markets Ltd &
27.08.2021 350.00 Bond
of India (EBP) PNB Gilt

SBI Capital Markets Ltd ,

Private Placement
21.10.2021 REC Ltd 100.00 Bond PNB Gilt, Axis Bank, Yes
(EBP)
Bank

L&T Metro Rail Private Placement

30.12.2021 72.00 NCD SBI Capital Markets Ltd
(Hyderabad) Ltd (EBP)

Private Placement
29.03.2022 Exim Bank Ltd 75.00 Bond PNB Gilt, Yes Bank
(EBP)

b) All investments by the scheme in any of the sponsor companies or its associate companies would be
made in accordance with the investment objectives and investment pattern as described in the Scheme
Information Document. All such investments by the scheme would be made in accordance with the SEBI
(Mutual Funds) Regulations, 1996. All such investment transactions will be at the prevailing market
prices/yields and will be carried out as normal market operations.

d) Aggregate market value of investments in securities of sponsors and group companies of the sponsors:
Rs. in crores
As on March 31, 2020 March 31, 2021 March 31, 2022
Market Value of investment 2666.06 14629.60 18783.09
Average AUM of UTI MF 151512.52 182852.73 223841.54
Invt. as % to AUM 1.76 8% 8.39%

Details of investment in listed securities of sponsors and group companies of sponsors in excess of 25%
of its NAV (at the time of making the investment) made by UTI Mutual Fund (As on March 31, 2022).
NIL

d) (i) Total business given to associate brokers and the percentage of brokerage paid to them for the period

April 1, 2019 to March 31, 2020

Broker Name Business Percentage to Brokerage paid Percentage to total
(Rs. In cr.) total business (Rs. In cr.) Brokerage
SBI CAP Securities 684.84 0.23% 0.68 1.36%
BOB Capital Markets Ltd 3412.18 1.13% 0.96 1.92%

101
 UTI MF SAI (31.3.22)
April 1, 2020 to March 31, 2021

Broker Name Business Percentage to Brokerage paid Percentage to total

(Rs. in cr.) total business (Rs. in cr.) brokerage
BOB Capital markets 1560.07 0.55% 0.5425 1.02 %
SBI Capital markets 229.70 0.08% 0.2298 0.43%

April 1, 2021 to March 31, 2022

Broker Name Business Percentage to Brokerage paid Percentage to total

(Rs. in cr.) total business (Rs. in cr.) brokerage
BOB CAPITAL MARKETS LTD 2753.53 0.74% 0.84 1.08%

SBICAP Securities ltd 12.86 0.00% 0.01 0.02%

The rate of brokerage paid to them is in line with what is paid to non-associate brokers and the quantum of
business shall be subject to the limits prescribed by SEBI.

(ii) Marketing, sale and distribution of the units of the Schemes of UTI Mutual Fund. Currently services of PNB
Gilts Ltd., SBI Capital Markets Ltd., UTI Infrastructure & Technology Services Limited, UTI International
Limited, Bank of Baroda, LIC Housing Finance Ltd., State Bank of India and its Associate Banks are used
for marketing and distributing the schemes. UTI AMC shall also ensure that the commission paid to associate
brokers for the sale and distribution of units is at the same rates offered to the other distributors.

Details related to Distribution of units by the Associate companies/ Relatives etc along with the commission
paid for the period April 2019 to March 2020

Name of the Sponsor or Nature of Association Business given % of Commission % of total

its associate and / relation (Rs.Lakhs) total paid commission
employees or their business Rs.Lakhs
relatives
Annamma Mathew Relative 62.58 0.00% 3.23 0.00%
ASHOK GAUR Relative 19.74 0.00% 2.59 0.00%
BANK OF BARODA SPONSOR 556.18 0.00% 5.36 0.00%
BOB CAPITAL
MARKET LTD. Group co. of sponsor - 0.00% 0.10 0.00%
DEEPAK
KHANDUBHAI
DUNGARIA Relative 7.04 0.00% 0.15 0.00%
DHULIPALA DURGA
KAMALA Relative 157.61 0.00% 7.41 0.00%
KRISHNA KUMAR
AGARWAL Relative 0.00 0.00% 0.00 0.00%
MAHESH BANGERA Relative 0.00 0.00% 0.00 0.00%
MOHINDER PAL
SINGH CHAWLA Relative 8.11 0.00% 0.55 0.00%
PUNJAB NATIONAL SPONSOR 1,128.18 0.00% 35.42 0.00%

102
 UTI MF SAI (31.3.22)
BANK
RAVINDRA KARNANI Relative 51.15 0.00% 1.30 0.00%
STATE BANK OF
HYDERABAD Group co. of sponsor 0.26 0.00% 0.00 0.00%
STATE BANK OF
INDIA SPONSOR 2,439.27 0.00% 168.80 0.00%
STATE BANK OF
MYSORE Group co. of sponsor 0.61 0.00% 0.00 0.00%
STATE BANK OF
PATIALA Group co. of sponsor 0.72 0.00% 0.00 0.00%
STATE BANK OF
TRAVANCORE Group co. of sponsor 0.63 0.00% 0.00 0.00%
SUSAMA MANJARI
SAHOO Relative 0.17 0.00% 0.00 0.00%
Thomas Mathew Relative 156.58 0.00% 4.55 0.00%
UTI -
INFRASTRUCTURE
TECHNOLOGY &
SERVICES LTD. ASSOCIATE 14,169.11 0.01% 478.48 0.00%
VIJAY V OJALE Relative 0.89 0.00% 0.00 0.00%
Grand Total 18,758.84 707.92

Details related to Distribution of units by the Associate companies/ Relatives etc along with the commission
paid for the period April 2020 to March 2021

Business Commis
Nature of given sion paid
Name of the Sponsor or its associate and Association (Rs.Lakhs % of total Rs.Lakh % of total
employees or their relatives / relation ) business s commission

ANNAMMA MATHEW RELATIVE 12.03 0.00% 2.72 0.01%

ASHOK GAUR RELATIVE 37.77 0.00% 2.32 0.01%

ASSOCIAT
AXIS BANK LTD. E 11,063.63 0.02% 161.77 0.43%

B B sharma RELATIVE 0.04 0.00% 0.00 0.00%

BANK OF BARODA SPONSOR 5,437.19 0.01% 17.32 0.05%

DEBABRATA GHOSH RELATIVE 1.63 0.00% 0.28 0.00%

DEEPAK KHANDUBHAI DUNGARIA RELATIVE 13.62 0.00% 0.20 0.00%

DHULIPALA DURGA KAMALA RELATIVE 93.20 0.00% 3.04 0.01%

Emkay Global Financial Services Ltd RELATIVE 1,279.20 0.00% 2.37 0.01%
ASSOCIAT
IDBI BANK LTD. E 2,411.93 0.00% 20.41 0.05%

KAMLESH KUMAR SARATHE RELATIVE 225.67 0.00% 5.05 0.01%

Kingsuk Kundu RELATIVE 0.00% 0.00 0.00%

103
 UTI MF SAI (31.3.22)
1.19

MAHESH BANGERA RELATIVE 0.00 0.00% 0.00 0.00%

Mithilesh Kumar Singh RELATIVE 411.27 0.00% 15.11 0.04%

MOHINDER PAL SINGH CHAWLA RELATIVE 5.07 0.00% 0.44 0.00%

Mr Pramod Sharma RELATIVE 99.82 0.00% 1.78 0.00%

NEERAJ KUMAR RELATIVE 21.07 0.00% 0.12 0.00%

PUNJAB NATIONAL BANK SPONSOR 6,535.99 0.01% 43.33 0.12%

RAVINDRA KARNANI RELATIVE 74.96 0.00% 1.34 0.00%

STATE BANK OF HYDERABAD GROUP 0.26 0.00% 0.00 0.00%

STATE BANK OF INDIA SPONSOR 3,086.08 0.00% 2.84 0.01%

STATE BANK OF MYSORE GROUP 0.27 0.00% 0.00 0.00%

STATE BANK OF PATIALA GROUP 0.47 0.00% 0.00 0.00%

STATE BANK OF TRAVANCORE GROUP 0.55 0.00% 0.00 0.00%

STOCK HOLDING CORPORATION OF ASSOCIAT
(I) LT E 3,536.50 0.01% 12.65 0.03%

SUSAMA MANJARI SAHOO RELATIVE 0.92 0.00% 0.32 0.00%

THOMAS MATHEW RELATIVE 70.63 0.00% 3.74 0.01%

UTI - INFRASTRUCTURE ASSOCIAT
TECHNOLOGY & SERVICES LTD. E 11,294.67 0.02% 507.47 1.36%

VIJAY V OJALE RELATIVE 0.23 0.00% 0.00 0.00%

Grand Total 45,715.87 804.60

Details related to Distribution of units by the Associate companies/ Relatives etc along with the commission
paid for the period April 2021 to March 2022

Nature of Business % of Commissi % of total

Name of the Sponsor or its associate and Association / given total on paid commissio
employees or their relatives relation (Rs.Lakhs) business Rs.Lakhs n

CITRINE FINANCIAL SERVICES LLP RELATIVE 139.70 0.00% 2.75 0.00%

Kamlesh Kumar Sarathe RELATIVE 163.82 0.00% 7.26 0.01%

Durga Kamala Dhulipala RELATIVE 174.00 0.00% 4.93 0.01%

Ravindra D Karnani RELATIVE 363.48 0.00% 3.60 0.01%

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 UTI MF SAI (31.3.22)

Ashok Gaur RELATIVE 77.09 0.00% 3.64 0.01%

Thomas Mathew Kumbukkattu RELATIVE 295.56 0.00% 6.73 0.01%

Annamma Mathew RELATIVE 18.81 0.00% 4.32 0.01%

Dhanashree Investments RELATIVE 0.25 0.00% 0.37 0.00%

Mohinder Pal Singh Chawla RELATIVE 4.39 0.00% 0.61 0.00%

Debabrata Ghosh RELATIVE 3.01 0.00% 0.23 0.00%

Deepak Khandubhai Dungaria RELATIVE 12.36 0.00% 0.43 0.00%

Stock Holding Corporation of India Limited ASSOCIATE 771.98 0.00% 23.32 0.04%

Axis Bank Limited ASSOCIATE 93,754.00 0.12% 1,289.44 2.01%

IDBI Bank Ltd ASSOCIATE 4,873.71 0.01% 64.82 0.10%

State Bank of India SPONSOR 9,811.47 0.01% 32.34 0.05%

Yes Bank Limited ASSOCIATE 2,271.71 0.00% 32.44 0.05%

Bank Of Baroda SPONSOR 6,020.18 0.01% 70.68 0.11%

UTI Infrastructure Technology And Services
Ltd ASSOCIATE 7,974.64 0.01% 739.26 1.15%

Punjab National Bank SPONSOR 5,846.21 0.01% 88.45 0.14%

B B sharma RELATIVE 0.00 0.00% - 0.00%

Emkay Global Financial Services Limited RELATIVE 441.44 0.00% - 0.00%

Kingsuk Kundu RELATIVE 2.06 0.00% - 0.00%

Mithilesh Kumar Singh RELATIVE 62.34 0.00% - 0.00%

STATE BANK OF HYDERABAD GROUP 0.11 0.00% - 0.00%

STATE BANK OF MYSORE GROUP 1.62 0.00% - 0.00%

STATE BANK OF PATIALA GROUP 0.49 0.00% - 0.00%

STATE BANK OF TRAVANCORE GROUP 0.47 0.00% - 0.00%

SUSAMA MANJARI SAHOO RELATIVE 0.00 0.00% - 0.00%

VIJAY V OJALE RELATIVE 0.34 0.00% - 0.00%

Grand Total 1,33,085.23 2,375.64

105
 UTI MF SAI (31.3.22)

e) Subject to the Regulations, the Sponsors, the Mutual Funds managed by them, their associates and
UTI AMC may acquire units of the scheme. UTI AMC shall not be entitled to charge any fees on its
investments in the scheme.

Documents available for Inspection

Copies of the following documents will be available for inspection at the office of the Mutual Fund at
UTI Tower, Gn Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051 during 9.30 AM to
3.00 PM on any business day (excluding Saturdays, Sundays and public holidays) with a prior written
intimation of atleast 3 business days to UTI AMC Ltd on the terms and conditions specified by UTI
AMC Ltd in this regard:

i) Memorandum and Articles of Association of the UTI Asset Management Company Ltd.
and UTI Trustee Company Private Ltd.
ii) Investment Management Agreement.
iii) Trust Deed and amendments thereto, if any.
iv) Registration Certificate for UTI Mutual Fund and UTI Asset Management Company Ltd.
v) Custodian Agreement.
vi) Memorandum of Understanding with the Registrar and Transfer Agent.
vii) Consent of Auditors to act in the said capacity.
viii) SEBI (Mutual Funds) Regulations, 1996 and amendments thereto from time to time.
ix) Indian Trusts Act, 1882.

Investor Grievances Redressal Mechanism

1. All investors could refer their grievances giving full particulars of investment at the following address:
Ms Madhavi Dicholkar
UTI Asset Management Company Ltd
UTI Tower, Gn Block, Bandra-Kurla Complex
Bandra (East), Mumbai – 400 051
Tel: 022-6678 6666/6678 6258
Fax: 022-61343500/71013500/26549535

2. Investor Complaints redressal record

The status of the complaints received, redressed and pending for UTI Mutual Fund Schemes covering
the period from. 01-04-2019 to 31-03-2022 as on the date of updation of the SAI is as under:

Period Received No. of Complaints Pending Pending to

Redressed Total Received

01-04-2019 to 227 227 Nil NA

31-03-2020
01-04-2020 66 66 Nil NA
to 31-03-2021
01-04-2021 83 83 Nil NA
to 31-03-2022

--------------------------------------------------------------------------------------------------------------------------------------------

Notwithstanding anything contained in this Statement of Additional Information, the provisions of the SEBI
(Mutual Funds) Regulations, 1996 and the guidelines thereunder shall be applicable.

106
 ANNEXURE
CONDENSED FINANCIAL INFORMATION

HISTORICAL PER UNIT STATISTICS

732-UTI - Fixed Term Income 733-UTI - Fixed Term Income Fund

Fund Series XXXI-XII (1148 Series XXXI-XIII (1127 Days)
Days) (02/04/2019) (22/04/2019)

Remk Schclass 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22

NAV at the
beginning
of year A
NAV at the
beginning
of year AD 0 10.2684 10.3869
NAV at the
beginning
of year DAD 0 10.2693 10.3879 0 10.3168 10.3834
NAV at the
beginning
of year DFX
NAV at the
beginning
of year DGR 0 10.988 11.9214 0 10.9904 11.9099
NAV at the
beginning
of year DIR
NAV at the
beginning
of year DMD
NAV at the
beginning
of year DQD 0 10.2726 10.3932 0 10.32 10.3906
NAV at the
beginning
of year FX
NAV at the
beginning
of year GR 0 10.951 11.8398 0 10.9556 11.8308
NAV at the
beginning
of year IR
NAV at the
beginning
of year MD 0 10.9525 11.842 0 10.9556 11.8308
NAV at the
beginning
of year QD 0 10.2715 10.3919 0 10.3188 10.3894
Income
distr per
unit AD 0.669 0.7121 0.6389
Income
distr per
unit DAD 0.7042 0.7507 0.6721 0.6603 0.7933 0.6575
Income
distr per
unit DFX
Income DGR 0 0 0 0 0 0

107
 UTI MF SAI (31.3.22)

distr per
unit
Income
distr per
unit DMD
Income
distr per
unit DQD 0.6867 0.7315 0.6206 0.6453 0.772 0.6928
Income
distr per
unit FX
Income
distr per
unit GR 0 0 0 0 0 0
Income
distr per
unit MD 0 0 0 0 0 0
Income
distr per
unit QD 0.6532 0.6947 0.6734 0.6136 0.7351 0.6584
NAV at the
end of year A
NAV at the
end of year AD 10.2684 10.3869 10.3524
NAV at the
end of year DAD 10.2693 10.3879 10.3585 10.3168 10.3834 10.3385
NAV at the
end of year DFX
NAV at the
end of year DGR 10.988 11.9214 12.6605 10.9904 11.9099 12.6139
NAV at the
end of year DIR
NAV at the
end of year DMD
NAV at the
end of year DQD 10.2726 10.3932 10.4062 10.32 10.3906 10.2986
NAV at the
end of year FX
NAV at the
end of year GR 10.951 11.8398 12.5299 10.9556 11.8308 12.4864
NAV at the
end of year IR
NAV at the
end of year MD 10.9525 11.842 12.5352 10.9556 11.8308 12.4862
NAV at the
end of year QD 10.2715 10.3919 10.3114 10.3188 10.3894 10.2948
Scheme
Returns
since
inception 9.51 9 7.92 9.56 9.24 7.95
Per 10000
Scheme
Returns
since
inception- 10951 11839 12529.84 10956 11829.81 12485.08

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 UTI MF SAI (31.3.22)

Net Assets
at the end
(crs) 48.73 52.68 55.74 57.29 61.94 65.45
ratio of
recurring
exp 0.29 0.29 0.29 0.47 0.48 0.44
Scheme CRISIL Composite Bond Fund
Benchmark Index CRISIL Composite Bond Fund Index
Benchmark
Returns
since
inception 12.90 10.49 8.42 12.37 10.55 8.42
Per 10000
Benchmark
Returns
since
inception- 11290 12158.1 12702.39 11237 12101 12643.44
SECBM
RETURNS
-
C10YRGS 14.62797 9.173695 14.081433 9.189225
EC 037 3 6.36748198 24 5 6.32248078
SECBM
RETURNS
- NIFTY
SECBM
VAL10000
-
C10YRGS
EC 11462.8 11875.19 12004.81 11408.14 11819.52 11945.93
SECBM
VAL10000
-NIFTY

734-UTI - Fixed Term Income

735-UTI - Fixed Term Income Fund
Fund Series XXXI-XIV (1111
Series XXXI-XV (1099 Days)
Days)
(22/05/2019)
(08/05/2019)

Schclas 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22

Remark
s
NAV at the beginning of
year A
NAV at the beginning of
year AD 0 10.2949 10.3707 0 10.2304 10.2813
NAV at the beginning of
year DAD 0 10.2313 10.2823
NAV at the beginning of
year DFX
NAV at the beginning of
year DGR 0 10.9296 11.845 0 10.8422 11.7411
NAV at the beginning of
year DIR

109
 UTI MF SAI (31.3.22)

NAV at the beginning of

year DMD 0 10.9297 11.8451 0 10.8422 11.7411
NAV at the beginning of
year DQD 0 10.2986 10.3779 0 10.2338 10.2877
NAV at the beginning of
year FX 0 10.8969 11.7682 0 10.811 11.6665
NAV at the beginning of
year GR 0 10.8968 11.7681 0 10.8109 11.6663
NAV at the beginning of
year IR
NAV at the beginning of
year MD 0 10.898 11.7675 0 10.8109 11.6662
NAV at the beginning of
year QD 0 10.2976 10.3766 0 10.2329 10.2866
Income distr per unit AD 0.5892 0.7433 0.617 0.5692 0.7557 0.6134
Income distr per unit DAD 0 0 0 0.5991 0.7943 0.6464
Income distr per unit DFX
Income distr per unit DGR 0 0 0 0 0 0
Income distr per unit DMD 0 0 0 0 0 0
Income distr per unit DQD 0.608 0.7622 0.6841 0.5863 0.7708 0.6766
Income distr per unit FX 0 0 0 0 0 0
Income distr per unit GR 0 0 0 0 0 0
Income distr per unit MD 0 0 0 0 0 0
Income distr per unit QD 0.578 0.7255 0.6496 0.5572 0.7337 0.6419
NAV at the end of year A
NAV at the end of year AD 10.2949 10.3707 10.3291 10.2304 10.2813 10.2594
NAV at the end of year DAD 10.2313 10.2823 10.2655
NAV at the end of year DFX
NAV at the end of year DGR 10.9296 11.845 12.5456 10.8422 11.7411 12.4613
NAV at the end of year DIR
NAV at the end of year DMD 10.9297 11.8451 12.5458 10.8422 11.7411 12.4613
NAV at the end of year DQD 10.2986 10.3779 10.2942 10.2338 10.2877 10.2231
NAV at the end of year FX 10.8969 11.7682 12.421 10.811 11.6665 12.3389
NAV at the end of year GR 10.8968 11.7681 12.4206 10.8109 11.6663 12.3385
NAV at the end of year IR
NAV at the end of year MD 10.898 11.7675 12.4167 10.8109 11.6662 12.3386
NAV at the end of year QD 10.2976 10.3766 10.2906 10.2329 10.2866 10.2193
Scheme Returns since
inception 8.97 9.16 7.88 8.11 8.81 7.72
Per 10000 Scheme Returns
since inception- 10897 11768.04 12420.24 10811 11665.63 12337.47
Net Assets at the end (crs) 34.66 37.47 39.54 31.75 34.3 36.32
ratio of recurring exp 0.41 0.42 0.4 0.35 0.35 0.34
Scheme Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index
Benchmark Returns since
inception 11.22 10.2 8.16 9.8 9.62 7.77

110
 UTI MF SAI (31.3.22)

Per 10000 Benchmark

Returns since inception- 11122 11977.16 12512.58 10980 11824.57 12353.65
SECBM RETURNS- 12.6351303 8.667015 5.948404 5.397729
C10YRGSEC 7 96 2 10.77867853 7.84313702 54
SECBM RETURNS-
NIFTY
SECBM VAL10000-
C10YRGSEC 11263.51 11670.11 11795.79 11077.87 11476.57 11601.57
SECBM VAL10000-
NIFTY

736-UTI - Fixed Term Income Fund 737-UTI - Fixed Term Income Fund
Series XXXII-I (1126 Days) Series XXXII-II (1111 Days)
(04/06/2019) (04/06/2019)
Schclas 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22
Remk
s
NAV at the beginning of
year A
NAV at the beginning of
year AD 0 10.2476 10.3232 0 10.2689 10.4397
NAV at the beginning of
year DAD 0 10.2491 10.3248 0 10.2697 10.4408
NAV at the beginning of
year DFX 0 10.815 11.7262 0 10.8026 11.7998
NAV at the beginning of
year DGR 0 10.8151 11.726 0 10.8017 11.7994
NAV at the beginning of
year DIR
NAV at the beginning of
year DMD 0 10.8149 11.7253
NAV at the beginning of
year DQD 0 10.2517 10.3308 0 10.2725 10.445
NAV at the beginning of
year FX 0 10.7733 11.7275
NAV at the beginning of
year GR 0 10.7853 11.6529 0 10.774 11.728
NAV at the beginning of
year IR
NAV at the beginning of
year MD 0 10.7851 11.6519 0 10.7748 11.729
NAV at the beginning of
year QD 0 10.2506 10.3296 0 10.2715 10.4438
Income distr per unit AD 0.5271 0.7457 0.6034 0.495 0.7355 0.6044
Income distr per unit DAD 0.555 0.7841 0.6367 0.5224 0.7754 0.6381
Income distr per unit DFX 0 0 0 0 0 0
Income distr per unit DMD 0 0 0
Income distr per unit DQD 0.5451 0.7633 0.6719 0.5136 0.755 0.6722
Income distr per unit FX 0 0 0
Income distr per unit GR 0 0 0 0 0 0
Income distr per unit MD 0 0 0 0 0 0
Income distr per unit QD 0.5179 0.7265 0.6376 0.4872 0.7169 0.6382

111
 UTI MF SAI (31.3.22)

NAV at the end of year A

NAV at the end of year DAD 10.2491 10.3248 10.3049 10.2697 10.4408 10.2974
NAV at the end of year DFX 10.815 11.7262 12.4273 10.8026 11.7998 12.3606
NAV at the end of year DGR 10.8151 11.726 12.4275 10.8017 11.7994 12.3594
NAV at the end of year DIR
NAV at the end of year DMD 10.8149 11.7253 12.4263
NAV at the end of year DQD 10.2517 10.3308 10.2635 10.2725 10.445 10.2572
NAV at the end of year FX 10.7733 11.7275 12.236
NAV at the end of year GR 10.7853 11.6529 12.3069 10.774 11.728 12.2417
NAV at the end of year IR
NAV at the end of year MD 10.7851 11.6519 12.3058 10.7748 11.729 12.2443
NAV at the end of year QD 10.2506 10.3296 10.2598 10.2715 10.4438 10.2533
Scheme Returns since
inception 7.85 8.96 7.74 7.74 9.93 7.65
Per 10000 Scheme Returns
since inception- 10785 11653.82 12306.18 10774 11793.52 12240.45
Net Assets at the end (crs) 25.99 28.12 29.76 24.95 27.21 28.44
ratio of recurring exp 0.27 0.27 0.26 0.3 0.3 0.29
Scheme Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index
Benchmark Returns since
inception 8.58 9.17 7.46 8.07 9.1 7.39
Per 10000 Benchmark
Returns since inception- 10858 11693.91 12217.36 10807 11638.8 12159.54
SECBM RETURNS- 7.129870 4.915003 4.654939
C10YRGSEC 9.13610294 97 23 8.18226934 6.76480527 46
SECBM RETURNS-
NIFTY
SECBM VAL10000-
C10YRGSEC 10913.61 11307.02 11430.37 10818.23 11207.3 11327.5
SECBM VAL10000-
NIFTY

745-UTI - Bank Exchange Traded Fund 746-UTI - Fixed Term Income Fund
(18/03/2020) Series XXXIII-I (1135 Days) (16/03/2020)

Remk Schclass 2019-20 2020-21 2021-22 2019-20 2020-21 2021-22

NAV at the beginning
of year A 0 0 33.2777
NAV at the beginning
of year AD 0 10.0945 10.2853
NAV at the beginning
of year DAD 0 10.0955 10.2512
NAV at the beginning
of year DFX 0 10.0956 11.0166
NAV at the beginning
of year DGR 0 10.0956 11.0136
NAV at the beginning
of year DIR

112
 UTI MF SAI (31.3.22)

NAV at the beginning

of year DMD 0 10.0955 11.0131
NAV at the beginning
of year DQD 0 10.0956 10.2909
NAV at the beginning
of year FX
NAV at the beginning
of year GR 0 10.0945 10.9849
NAV at the beginning
of year IR
NAV at the beginning
of year MD 0 10.0945 10.9859
NAV at the beginning
of year QD 0 10.0945 10.2898
Income distr per unit AD 0 0.6967 0.5954
Income distr per unit DAD 0 0.7592 0.6197
Income distr per unit DFX 0 0 0
Income distr per unit DGR 0 0 0
Income distr per unit DMD 0 0 0
Income distr per unit DQD 0 0.7062 0.657
Income distr per unit FX
Income distr per unit GR 0 0 0
Income distr per unit MD 0 0 0
Income distr per unit QD 0 0.681 0.6319
NAV at the end of
year A 0 33.2777 36.4149
NAV at the end of
year AD 10.0945 10.2853 10.1569
NAV at the end of
year DAD 10.0955 10.2512 10.1268
NAV at the end of
year DFX 10.0956 11.0166 11.5528
NAV at the end of
year DGR 10.0956 11.0136 11.5476
NAV at the end of
year DIR
NAV at the end of
year DMD 10.0955 11.0131 11.5454
NAV at the end of
year DQD 10.0956 10.2909 10.1227
NAV at the end of
year FX
NAV at the end of
year GR 10.0945 10.9849 11.4854
NAV at the end of
year IR
NAV at the end of
year MD 10.0945 10.9859 11.4881
NAV at the end of
year QD 10.0945 10.2898 10.1198
Scheme Returns since
inception 0 39.97 31.02 0.95 9.31 7.02

Per 10000 Scheme 0 13997 15316.81 10095 10984.45 11485.26

113
 UTI MF SAI (31.3.22)

Returns since
inception-
Net Assets at the end
(crs) 0 21.3 40.42 127.62 139.22 145.96
ratio of recurring exp 0 0.16 0.15 0.09 0.07 0.08

Scheme Benchmark Nifty Bank Index CRISIL Composite Bond Fund Index
Benchmark Returns
since inception 0 40.2 31.09 0.06 7.34 6.51
Per 10000
Benchmark Returns
since inception- 0 14020 15329.73 10006 10775.74 11373.82
SECBM RETURNS-
C10YRGSEC 0.3654207 3.7723944 2.7361465
SECBM RETURNS-
NIFTY 0 29.648847 31.897945
SECBM VAL10000-
C10YRGSEC 10036.54 10398.06 10567.24
SECBM VAL10000-
NIFTY 0 12964.88 15479.47

752-UTI Nifty 200 Momentum 30

751-UTI Small Cap Fund
Remk Schclass Index Fund
(22/12/2020)
(10/03/2021)

NAV at the beginning of

year A
NAV at the beginning of
year AD
NAV at the beginning of
year DAD
NAV at the beginning of
year DFX
NAV at the beginning of
year DGR 0 0 11.1516 0 0 10.0805
NAV at the beginning of
year DIR 0 0 11.1516
NAV at the beginning of
year DMD
NAV at the beginning of
year DQD
NAV at the beginning of
year FX
NAV at the beginning of
year GR 0 0 11.0917 0 0 10.0775
NAV at the beginning of
year IR 0 0 11.0918
NAV at the beginning of
year MD
NAV at the beginning of
year QD
Income distr per unit AD
Income distr per unit DAD

114
 UTI MF SAI (31.3.22)

Income distr per unit DFX

Income distr per unit DGR
Income distr per unit DMD
Income distr per unit DQD
Income distr per unit FX
Income distr per unit GR
Income distr per unit MD
Income distr per unit QD
NAV at the end of year A
NAV at the end of year AD
NAV at the end of year DAD
NAV at the end of year DFX
NAV at the end of year DGR 0 11.1516 15.6029 0 10.0805 13.7098
NAV at the end of year DIR 0 11.1516 15.6025
NAV at the end of year DMD
NAV at the end of year DQD
NAV at the end of year FX
NAV at the end of year GR 0 11.0917 15.2121 0 10.0775 13.6357
NAV at the end of year IR 0 11.0918 15.212
NAV at the end of year MD
NAV at the end of year QD
Scheme Returns since
inception 0 10.92 39.1 0 0.78 34.08
Per 10000 Scheme Returns
since inception- 0 11092 15212.55 0 10078 13636.15
Net Assets at the end (crs) 0 1168.12 2063.86 0 64.97 1372.06
ratio of recurring exp 0 2.28 2.14 0 0.64 0.55

Scheme Benchmark Nifty Small Cap 250 TRI Nifty200 Momentum 30 TRI Index
Benchmark Returns since
inception 0 21.81 49.62 0 0.89 36.5
Per 10000 Benchmark
Returns since inception- 0 12181 16689.86 0 10089 13896.56
SECBM RETURNS-
C10YRGSEC
-
SECBM RETURNS- NIFTY 0 9.34171498 24.03292065 0 3.14944273 15.51029176
SECBM VAL10000-
C10YRGSEC
SECBM VAL10000-NIFTY 0 10934.17 13149.05 0 9685.06 11647.22

753-UTI Focused Equity Fund 754-UTI Sensex Index Fund

Remk Schclass
(25.08.2021) (31.01.2022)

NAV at the beginning of A

115
 UTI MF SAI (31.3.22)

year
NAV at the beginning of
year AD
NAV at the beginning of
year DAD
NAV at the beginning of
year DFX
NAV at the beginning of
year DGR
NAV at the beginning of
year DIR
NAV at the beginning of
year DMD
NAV at the beginning of
year DQD
NAV at the beginning of
year FX
NAV at the beginning of
year GR
NAV at the beginning of
year IR
NAV at the beginning of
year MD
NAV at the beginning of
year QD
Income distr per unit AD
Income distr per unit DAD
Income distr per unit DFX
Income distr per unit DGR
Income distr per unit DMD
Income distr per unit DQD
Income distr per unit FX
Income distr per unit GR
Income distr per unit MD
Income distr per unit QD
NAV at the end of year A
NAV at the end of year AD
NAV at the end of year DAD
NAV at the end of year DFX
NAV at the end of year DGR 0 0 9.7924 0 0 10.1111
NAV at the end of year DIR 0 0 9.7921
NAV at the end of year DMD
NAV at the end of year DQD
NAV at the end of year FX
NAV at the end of year GR 0 0 9.6871 0 0 10.1095
NAV at the end of year IR 0 0 9.6871
NAV at the end of year MD
NAV at the end of year QD

116
 UTI MF SAI (31.3.22)

Scheme Returns since

inception 0 0 -3.13 0 0 1.1
Per 10000 Scheme Returns
since inception- 0 0 9687 0 0 10110
Net Assets at the end (crs) 0 0 2715.38 0 0 115.65
ratio of recurring exp 0 0 2.01 0 0 0.24
Scheme Benchmark Nifty 500 Index (TRI) S&P BSE Sensex TRI
Benchmark Returns since
inception 0 0 6.24 0 0 1.1
Per 10000 Benchmark
Returns since inception- 0 0 10624 0 0 10110
SECBM RETURNS-
C10YRGSEC
SECBM RETURNS- 5.4788831 0.8978646
NIFTY 0 0 3 0 0 8
SECBM VAL10000-
C10YRGSEC
SECBM VAL10000-
NIFTY 0 0 10547.89 0 0 10089.79

755-UTI S&P BSE Low Volatility

Remk Schclass Index Fund
(03.03.2022)
NAV at the beginning of
year A
NAV at the beginning of
year AD
NAV at the beginning of
year DAD
NAV at the beginning of
year DFX
NAV at the beginning of
year DGR
NAV at the beginning of
year DIR
NAV at the beginning of
year DMD
NAV at the beginning of
year DQD
NAV at the beginning of
year FX
NAV at the beginning of
year GR
NAV at the beginning of
year IR
NAV at the beginning of
year MD
NAV at the beginning of
year QD
Income distr per unit AD

117
 UTI MF SAI (31.3.22)

Income distr per unit DAD

Income distr per unit DFX
Income distr per unit DGR
Income distr per unit DMD
Income distr per unit DQD
Income distr per unit FX
Income distr per unit GR
Income distr per unit MD
Income distr per unit QD
NAV at the end of year A
NAV at the end of year AD
NAV at the end of year DAD
NAV at the end of year DFX
NAV at the end of year DGR 0 0 10.1614
NAV at the end of year DIR
NAV at the end of year DMD
NAV at the end of year DQD
NAV at the end of year FX
NAV at the end of year GR 0 0 10.1574
NAV at the end of year IR
NAV at the end of year MD
NAV at the end of year QD
Scheme Returns since
inception 0 0 1.57
Per 10000 Scheme Returns
since inception- 0 0 10157
Net Assets at the end (crs) 0 0 83.22
ratio of recurring exp 0 0 0.71
Scheme Benchmark S&P BSE Low Volatility TRI
Benchmark Returns since
inception 0 0 1.75
Per 10000 Benchmark
Returns since inception- 0 0 10175
SECBM RETURNS-
C10YRGSEC
SECBM RETURNS- 5.8607002
NIFTY 0 0 7
SECBM VAL10000-
C10YRGSEC
SECBM VAL10000-
NIFTY 0 0 10586.07

For Schemes launched during the year, the starting NAV is Rs.10/-

118
 UTI MF SAI (31.3.22)

Definition of Option Code Definition of Benchmark

AD Annual IDCW Payout / C10YRGSEC CRISIL 1OYR GILT INDEX
Reinvestment Option
DAD Annual IDCW Payout / NIFTY NIFTY 50
Reinvestment Option Direct
FX Flexi IDCW Payout /
Reinvestment Option
DFX Flexi IDCW Payout /
Reinvestment Option Direct
GR Growth Option
DGR Growth Option Direct
IR IDCW Payout / Reinvestment
Option
DIR IDCW Payout / Reinvestment
Option Direct
MD Maturity IDCW Payout /
Reinvestment Option
DMD Maturity IDCW Payout /
Reinvestment Option Direct
QD Quarterly IDCW Payout /
Reinvestment Option
DQD Quarterly IDCW Payout /
Reinvestment Option Direct
MR Monthly IDCW Payout /
Reinvestment Option
DMR Monthly IDCW Payout /
Reinvestment Option Direct
GI Growth Option Institution
Amount in Rs.
Simple returns for schemes launched during the year
Considering movement of NAV during the year and after adjustment of dividend and bonus, if any. Returns have
been computed for growth options
All the benchmarks followed for the schemes would be Total Return Indices.

119
 UTI MF SAI (31.3.22)

CORPORATE OFFICE
UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Tel.: 66786666

OFFICIAL POINTS OF ACCEPTANCE

UTI FINANCIAL CENTRES

WEST ZONE
GUJARAT REGION
Ahmedabad: : 2nd Floor, IFCI Bhavan, Behind Tanishq Show Room, Nr. Lal Bungalow Bus Stand, C G Road, Ahmedabad
– 380 006. Gujarat, Tel.: (079) 26462180, 26462905,, Anand: 12-A, First Floor, Chitrangna Complex, Anand – V. V. Nagar
Road, Anand – 388 001, Gujarat, Tel.: (02692) 245943 / 944, Bharuch: 103-105, Aditya Complex, 1st Floor, Near Kashak
Circle, Bharuch – 392 001, Gujarat, Tel.:(02642) 227331, Bhavnagar: Shree Complex, 6-7 Ground Floor, Opp. Gandhi
Smruti, Crescent Circle, Crescent, Bhavnagar – 364 001, Tel.:(0278)-2519961/2513231, Bhuj: First Floor 13 & 14, Jubilee
Circle, Opposite All India Radio, Banker’s Colony, Bhuj – 370 001, Gujarat, Tel: (02832) 220030, Gandhinagar: “Dvij
Elite”, First Floor, Plot No.1522, Near Apna Bazar, Sector 6, Gandhinagar – 382 006, Gujarat. Tel. No. 079 – 23240462,
Jamnagar: 102, Madhav Square, Lal Bungalow Road, Jamnagar, Gujarat – 361 001., Tel.: (0288) 2662767/68, Junagadh:
First Floor, Shop No. 101, 102, 113 & 114, Marry Gold 2, Above Domino’s Pizza, Opp. Bahaudin College, College Road,
Junagadh, Gujarat – 362 001, Tel.: 0285-2672678, Mehsana: 1st Floor, A One Complex, Near Umiya Shopping Center, Opp
Mehsana Urban Co-operative Bank, Corporate Office, Highway Mehsana, Mehsana, Gujarat – 384 002, Tel. No. 02762 –
230180, Navsari: 1/4 Chinmay Arcade, Sattapir, Sayaji Road, Navsari – 396 445, Gujarat, Tel: (02637)-233087, Rajkot: 1st
Floor, Venkatesh Plaza, Opp. RKC Ground, Dr. Radhakrishna Road, Off. Yagnik Road, Rajkot, Gujarat-360001, Tel.: 0281-
2440701, 2433525, Surat: B-107/108, Tirupati Plaza, Near Collector Office, Athwa Gate, Surat-395 001, Tel: (0261)
2474550, Vadodara: G-6 & G-7, “Landmark” Bldg., Transpeck Centre, Race Course Road, Vadodara-390 007, Tel:(0265)
2336962, Valsad: 1st Floor, 103, Signature Building, Opp. Petrol Pump, Above Yes Bank, Dharampur Road, Halar, Valsad,
Gujarat – 396 001, Tel. No. 02632-222012 Vapi: 1st Floor, Office No. 102 & 103, Saga Casa Complex, Vapi-Daman Main
Road, Opp. Royal Twin Tower, Chala, Vapi, Gujarat – 396191, Tel: (0260) 2403307

MUMBAI REGION
Bandra Kurla Complex: UTI Tower, ‘Gn’ Block, Ground Floor, Bandra-Kurla Complex, Bandra (E), Mumbai-400051,
Tel: (022) 66786354/6101, Borivali : Purva Plaza, Ground Floor, Juntion of S V Road & Shimpoli, Soni Wadi Corner,
Borivali (West), Mumbai – 400 092. Tel. No.: (022) 2898 0521/ 5081, Ghatkopar : 102, 1st Floor, Sai Plaza, Jawahar Road,
Opp. Ghatkopar Rly Station, Ghatkopar (East), Mumbai – 400 077, Maharashtra, Tel. No. (022) 25010833 / 25010715,
Goregaon: 101, 1st Floor, Accord Commercial Complex, Opposite Bus Depot, Station Road, Goregaon (East), Mumbai –
400 063. Maharashtra, Tel. No.: 022 – 26850849, 26850850, JVPD: Unit No.2, Block ‘B’, Opp. JVPD Shopping Centre,
Gul Mohar Cross Road No.9, Andheri (W), Mumbai-400049, Tel:(022) 26201995/26239841, Kalyan: Ground Floor, Jasraj
Commercial Complex, Chitroda Nagar, Valli Peer, Station Road, Kalyan (West) - 421 301, Tel: (0251) 2316063/7191,
Lotus Court : Lotus Court Building, 196, Jamshedji Tata Road, Backbay Reclamation, Mumbai-400020, Tel: (022)
22821357, Marol: Plot No.12, Road No.9 Behind Hotel Tunga Paradise MIDC Marol, Andheri (East), Mumbai – 400 093,
Maharashtra, Tel.: (022) 2836 5138, Powai : G-5, Ground Floor, CETTM (Centre for Excellence in Telecom Technology &
Management), MTNL Main Building, Technology Street, Hiranandani Gardens, Powai, Mumbai, Maharashtra – 400 076,
Thane: 101/102, Ishkrupa, Ram Maruti Road, Opp. New English School, Naupada, Thane West – 400 602, Maharashtra
Tel: (022) 2533 2409 / 2533 2415, Vashi: , hop No. 8 & 8A, Ground Floor, Vardhaman Chamber Premises CS Ltd, Plot No.
84, Sector 17, Vashi, Navi Mumbai, Maharashtra – 400 705, Tel. No. (022) 2789 0171 / 72 / 74 / 76, Virar: Shop No. 2 &3,
Ground Floor, Sheetal Nagar Building No.4, 281/2, Raja Chhatrapati Shivaji Road, Near LIC Home Finance Office, Agashi
Road, Virar West, Dist. Palghar, Maharashtra – 401 303, Tel. No. 0250 – 251 5848

120
 UTI MF SAI (31.3.22)

NAGPUR REGION
Akola: Lakhma Apartment, Ground Floor, Near Anand Bakery, Ramdaspeth, Akola, Maharashtra – 444 001, Tel. No. 0724
– 2410711, Amravati: C-1, VIMACO Tower, S.T. Stand Road, Amravati – 444 602, Maharashtra, Tel.: (0721)
2553126/7/8, Bhilai: 38 Commercial Complex, Nehru Nagar (East), Bhilai – 490 020, Distt. Durg, Chhattisgarh, Tel.:
(0788) 2293222, 2292777, Bhopal: 2nd Floor, V. V. Plaza, 6 Zone II, M. P. Nagar, Bhopal-462 011, Tel: (0755) 2558308,
Bilaspur: S-103, Anandam Plaza, Ground Floor, In front of Rama Port, Vyapar Vihar, Bilaspur, Chhattisgarh – 495 001,
Tel. No. 07752 – 405538, Gwalior: 45/A, Alaknanda Towers, City Centre, Gwalior-474011, Tel: (0751) 2234072, Indore:
UG 3 & 4, Starlit Tower, YN Road, Indore-452 001, Tel:(0731) 2533869/4958, Jabalpur: 74-75, 1st Floor, Above HDFC
Bank, Gol Bazar, Jabalpur – 482 002, Madhya Pradesh, Tel: (0761) 2480004/5, Nagpur: 1st Floor, Shraddha House, S. V.
Patel Marg, Kings Way, Nagpur-440 001, Tel: (0712) 2536893, Raipur: Vanijya Bhavan, Sai Nagar, Jail Road, Raipur-492
009, Tel: (0771) 2881410/12, Ratlam: R.S.Paradise, 101, 1st Floor, Above Trimurti Sweets, Do Batti Square, Ratlam – 457
001, Madhya Pradesh, Tel.: (07412) 222771/72.

REST OF MAHARASHTRA AND GOA

Aurangabad: "Yashodhan", Near Baba Petrol Pump, 10, Bhagya Nagar, Aurangabad – 431 001, Maharashtra, Tel.: (0240)
2345219 / 29, Chinchwad : City Pride, 1st Floor, Plot No.92/C, D III Block, MIDC, Mumbai-Pune Highway, Kalbhor
Nagar, Chinchwad, Pune-411 019, Tel: (020) 65337240, Jalgaon: First Floor, Plot No-68, Zilha Peth, Behind Old Court,
Near Gujrat Sweet Mart, Jalgaon (Maharashtra), Pin - 425 001, Tel.: (257) 2240480/2240486, Kolhapur: 11 & 12, Ground
Floor, Ayodhya Towers, C S No 511, KH-1/2, ‘E’ Ward, Dabholkar Corner, Station Road, Kolhapur-416 001, Tel.: (0231)
2666603/2657315, Margao: Shop No. G-6 & G-7, Jeevottam Sundara, 81, Primitive Hospicio Road, Behind Cine
Metropole, Margao, Goa-403 601, Tel.: (0832) 2711133, Nasik: Apurva Avenue, Ground Floor, Near Kusumagraj
Pratishthan, Tilak Wadi, Nasik-422002, Tel: (0253) 2570251/252, Panaji: E.D.C. House, Mezzanine Floor, Dr. A.B. Road,
Panaji, Goa-403 001, Tel: (0832) 2222472, Pune: Ground Floor, Shubhadra Bhavan, Apte Road, Opposite Ramee Grand
Hotel, Pune – 411 004, Tel.: (020) 25521052/53/54/55/60/63, Fax: (020) 25521061, Solapur: 157/2 C, Railway Lines,
Rajabhau Patwardhan Chowk, Solapur – 413 003, Maharashtra, Tel.: (0217) 223 11767,

NORTH ZONE
CHANDIGARH REGION
Ambala: 5686-5687, Nicholson Road, Ambala Cantt, Haryana, Pin-133 001, Tel.: (0171) 2631780, Amritsar: 69, Court
Road, Amritsar-143001, Tel: (0183) 2564388, Bhatinda: MCB Z-3/03228, 1st Floor, Above Punjab National Bank, Tinkoni
Chowk, Goniana Road, Bathinda – 151 001, Punjab, Tel. No. (0164) 223 6500, Chandigarh: SCO No. 2907-2908, Sector
22-C, Chandigarh – 160 022, Tel. No. (0172) 270 3683, Jalandhar: Office No.32-33, 1st Floor, City Square Building, Civil
Lines, Jalandhar – 144 001, Punjab, Tel. No. 0181 – 2232475/6, Jammu: Gupta’s Tower, CB-13, 2nd Floor, Rail Head
Complex, Jammu – 180 004, Tel.: (0191) 247 0627, Fax: (0191) 2474825, Ludhiana: S CO 14 (First Floor), Feroze Gandhi
Market, Ludhiana-141 001, Punjab,Tel: (0161) 2441264, Panipat: Office no.7, 2nd Floor, N K Tower, Opposite ABM
AMRO Bank, G T Road, Panipat – 132 103, Haryana, Tel.: (0180) 263 1942, Patiala: SCO No. 22, First Floor, New Leela
Bhawan Market, Patiala, Punjab – 147 001, Tel. No. (0175) 5004661/2/3; 5017984, Shimla: Bell Villa, 5th Floor, Below
Scandal Point, The Mall, Shimla, Himachal Pradesh - 171 001, Tel. No.: (0177) 2657 803.

DELHI REGION
Dehradun: 56, Rajpur Road, Hotel Classic International, Dehradun-248 001, Tel: (0135) 2743203, Faridabad: SCO-3,
First Floor, Sector – 16, HUDA Market, Faridabad – 121001, Haryana, Tel 0129-4026522. Ghaziabad: C-53 C, Main Road,
RDC, Opp. Petrol Pump, Ghaziabad - 201001, Uttar Pradesh, Tel: (0120) 2820920/23, Gurgaon: SCO 28, 1st floor, Sector
14, Gurgaon–122 001, Haryana, Tel: (0124) 4245200, Haridwar: First Floor, Ashirwad Complex, Near Ahuja Petrol Pump,
Opp Khanna Nagar, Haridwar – 249407, Tel.: (01334) 312828, Janak Puri: Bldg. No.4, First Floor, B-1, Community
Centre, B-Block, Janak Puri, New Delhi – 110 058, Tel.: (011) 25523246/47/48, Laxmi Nagar: Flat No. 104-106, 1st Floor,
Laxmi Deep Building, Laxmi Nagar District Centre, Laxmi Nagar, New Delhi – 110092, Tel. No. (011) 2252 9398 / 9374,
Meerut: 10/8 Ground Floor, Niranjan Vatika, Begum Bridge Road, Near Bachcha Park, Meerut - 250 001, Uttar Pradesh,
Tel.: (0121) 648031/2, Moradabad: Shri Vallabh Complex, Near Cross Road Mall, Civil Lines, Moradabad – 244 001,
Uttar Pradesh, Tel.: (0591) 2411220, Nehru Place: 1st Floor, Ghanshyam House, 25, Nehru Place, New Delhi-110 019, Tel:
(011) 28898128, Fax No. (011) 28898131,New Delhi: 101, Kailash Building, 26 Kasturba Gandhi Marg, New Delhi – 110
001, Delhi NCT. Tel.: (011) 6617 8961/62/66/67 Fax: (011) 6617 8974,, Noida: N-10 & N-11, First Floor, Above Indusind
Bank, Sector – 18, Noida – 201 301, Uttar Pradesh, Tel. No. 0120-2512311/12/13/14,Pitam Pura: 110-111, First Floor,P P
Tower, Netaji Subhash Place, Pitampura, New Delhi-110034, Phone- 011-27351001-04 Rohtak: 2nd Floor, Banks Square
Building, Plot No. 120-121, Opp. Myna Tourist Complex, Delhi Road, Rohtak – 124 001, Haryana. Tel. No. 01262-

121
 UTI MF SAI (31.3.22)

254021/22, Saharanpur: Shop No.4, Upper Ground Floor, Avas Vikas Market, Delhi Road, Saharanpur -247001, Uttar
Pradesh, Tel: 0132-3500035

RAJASTHAN REGION
Ajmer: 398/10, 2nd Floor, Near Suchna Kendra, Infront of Patel Maidan, Jaipur Road, Ajmer, Rajasthan – 305 001. Tel No.
0145-2423974. Alwar: Plot No.1, Jai Complex (1st Floor), Above AXIS Bank, Road No.2, Alwar – 301 001, Rajasthan,
Tel.:(0144) 2700303/4, Bhilwara: B-6 Ground Floor, S K Plaza, Pur Road, Bhilwara – 311 001, Rajasthan, Tel.: (01482)
242220/21, Bikaner: Gupta Complex, 1st Floor, Opposite Chhapan Bhog, Rani Bazar, Bikaner – 334 001, Rajasthan, Tel:
(0151) 2524755, Jaipur: Vasanti, 1st Floor, Plot No. 61-A, Dhuleshwar Garden, Sardar Patel Marg, ‘C’ Scheme, Jaipur-302
001, Tel: (0141)-4004941/42 to 46, Jodhpur: 51 Kalpataru Shopping Centre, Shastri Nagar, Near Ashapurna Mall, Jodhpur
- 342 005,Tel.: (0291)-5135100, Kota: Sunder Arcade, Plot No.1, Aerodrome Circle, Kota-324007, Tel: (0744)-2502242/07,
Sikar: Ground Floor, Singodiya Plaza, Kalyan Circle, Silver Jubilee Road, Sikar, Rajasthan – 332 001, Tel: (01572) 271043
& 271044, Sriganganagar: Shop No.4 Ground Floor, Plot No.49, National Highway No.15, Opp. Bhihani Petrol Pump,
Sriganganagar – 335 001, Rajasthan, Tel: (0154) 2481602, Udaipur: Ground Floor, RTDC Bldg., Hotel Kajri, Shastri
Circle, Udaipur-313001, Tel: (0294)– 2423065/66/67.

UTTAR PRADESH REGION

Agra: FCI Building, Ground Floor, 60/4, Sanjay Place, Agra–282 002, Tel: (0562) 2857789, 2858047, Aligarh: 3/339-A
Ram Ghat Road, Opp. Atrauli Bus Stand, Aligarh, Uttar Pradesh–202 001, Tel : (0571) 2741511, Allahabad: 4, Sardar Patel
Marg, 1st Floor, Civil Lines, Allahabad-211 001, Tel: (0532) 2561028, Bareilly: 116-117 Deen Dayal Puram, Bareilly, Uttar
Pradesh-243 005, Tel.: (0581) 2303014, Gorakhpur: Cross Road The Mall, Shop No. 16 - 20, 1st Floor, Bank Road, A. D.
Chowk, Gorakhpur - 273 001, Uttar Pradesh, Tel.: (0551) 220 4995 / 4996, Haldwani: 1st Floor, A K Tower, Plot No.4,
Durga City Centre, Khasra No. 260, Bhotia Paro, Haldwani, District: Nainital, Uttarakhand – 263 139, Tel.: 05946-222433,
Jhansi: 1st Floor, Basera Arcade, (Plot No. 551/1 & 556/2) BKD-Chitra Road, In front of Dhyanchand Stadium, Civil Lines,
Jhansi, Uttar Pradesh, Tel. No. 0510 – 2441877, Kanpur: 16/77, Civil Lines, Kanpur-208 001, Tel: (0512) 2304278,
Lucknow: Aryan Business Park, 2nd floor, 19/32 Park Road (old 90 M G Road), Lucknow-226 001, Tel: (0522)
2238491/2238598, Mathura: 1st Floor, SFD Tower, Goverdhan Road, Opp. Jal Nigam Office, Krishna Nagar, Mathura -
281004, Uttar Pradesh Tel: (0565) 2972147, Varanasi: 1st Floor, D-58/2A-1, Bhawani Market, Rathyatra, Varanasi-221
010, Tel: (0542) 2226881.

EAST ZONE
BIHAR REGION
Bhagalpur: 1st floor, Kavita Apartment, Opposite Head Post Office, Mahatma Gandhi Road, Bhagalpur-812 001, Bihar,
Tel.: (0641) 2300040/41, Darbhanga: J R Plaza, First Floor, Rajkumarganj Main Road, Mirzapur, Near LIC Darbhanga/
Woodland, Darbhanga, Bihar – 846004, Tel.: (06272) 250 033. , Gaya: 1st Floor, Zion Complex, Opp. Fire Brigade,
Swarajpuri Road, Gaya-823 001, Bihar, Tel: (0631) 2221623, Muzaffarpur: Ground Floor, LIC ‘Jeevan Prakash’ Bldg.,
Uma Shankar Pandit Marg, Opposite Devisthan (Devi Mandir) Club Road, Muzaffarpur (Bihar), Pin – 842 002, Tel.: (0621)
2265091, Patna: 3rd Floor, Harshwardhan Arcade, Beside Lok Nayak Jai Prakash Bhawan, (Near Dak Bunglow Crossing),
Fraser Road, Patna – 800 001, Bihar, Tel: (0612) 2200047.

NORTH EAST REGION

Agartala: Suriya Chowmohani, Hari Ganga Basak Road, Agartala - 799 001, Tripura, Tel.: (0381) 2387812, Guwahati: 1st
Floor, Hindustan Bldg., M.L. Nehru Marg, Panbazar, Guwahati-781 001, Tel: (0361) 254 5870, Jorhat: 1st Floor, Hotel
President Complex, Thana Road, Gar Ali, Jorhat, Assam – 785 001, Tel. No. 0376 – 2300024/25, Shillong: Saket Bhawan,
Above Mohini Store, Police Bazar, Shillong-793 001, Meghalaya, Tel.: (0364) 250 0910, Silchar: First Floor, N. N. Dutta
Road, Shillong Patty, Silchar, Assam - 788 001, Tel.: (03842) 230082/230091, Tinsukia: Ward No.6, Chirwapatty Road,
Tinsukia – 786 125, Assam, Tel.: (0374) 234 0266/234 1026.

ORISSA & JHARKHAND REGION

Bokaro: Plot C-1, 20-C (Ground Floor), City Centre, Sector – 4, Bokaro Steel City, Bokaro – 827 004, Jharkhand, Tel.:
(06542) 323865, 233348, Dhanbad: 111 & 112, Shriram Mall, Shastri Nagar, Bank More, Dhanbad-826 001, Tel.: (0326)
6451 971/2304676, Jamshedpur: 1-A, Ram Mandir Area, Gr. & 2nd Floor, Bistupur, Jamshedpur-831 001, Tel: (0657)
2756074, Ranchi : Shop No. 8 & 9, SPG Mart, Commercial Complex, Old H B Road, Bahu Bazar, Ranchi-834 001, Tel:
(0651) 2900 206/07, Balasore: Plot No.570, 1st Floor, Station Bazar, Near Durga Mandap, Balasore – 756 001, Orissa, Tel.:

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(06782) 241894/241947, Berhampur: 4th East Side Lane, Dharma Nagar, Gandhi Nagar, Berhampur - 760 001, Orissa,
Tel.: (0680) 2225094/95, Bhubaneshwar: 1st & 2nd Floor, OCHC Bldg., 24, Janpath, Kharvela Nagar, Nr. Ram Mandir,
Bhubaneshwar-751 001, Tel: (0674) 2410995, Cuttack: Ground Floor, Plot No.99, Vivekananda Lane, Badambadi
Kathjodi Main Road, Badambadi, Cuttack, Odisha – 753 012., Tel: (0671) 231 5350/5351/5352, Rourkela: Shree Vyas
Complex, Ground Floor, Panposh Road, Near Shalimar Hotel, Rourkela – 769 004, Orissa, Tel.: (0661) 2401116/2401117,
Sambalpur: 1st Floor, R N Complex, Opp. Budharaja High School, Beside LIC Building, Budharaja, Sambalpur, Odisha –
768 004. Tel.: (0663) 2541213/14 Telefax: (0663) 2541215

WEST BENGAL REGION

Asansol: 1st Floor, 129 G.T.Road, Rambandhutala, Asansol, West Bengal – 713 303, Tel.: (0341) 2970089, 2221818,
Baharampur: 1/5 K K Banerjee Road, 1st Floor, Gorabazar, Baharampur – 742 101, West Bengal, Tel.: (03482) 277163,
Barasat: 57 Jessore Road, 1st Floor, Sethpukur, Barasat, North 24 Paraganas, Pin-700 124, West Bengal, Tel.: (033)
25844583, Bardhaman: Sree Gopal Bhavan, 37 A, G.T.Road, 2nd Floor, Parbirhata, Bardhaman – 713 101, West Bengal,
Tel.: (0342) 2647238, Durgapur: 3rd Administrative Bldg., 2nd Floor, Asansol Durgapur Dev. Authority, City Centre,
Durgapur-713216, Tel: (0343) 2546831, Kalyani: B-12/1 Central Park, Kalyani -741 235, District: Nadia, West Bengal,
Tel.: (033) 25025135/6, Kharagpur: M/s. Atwal Real Estate Pvt. Ltd., 1st Floor, M S Tower, O.T. Road, Opp. College
INDA, Kharagpur, Paschim Midnapore-721 305, Tel: (0322) 228518, 29, Kolkata : Netaji Subhash Chandra Road, Kolkata-
700 001, Tel: (033) 22436571/22134832, Malda: 10/26 K J Sanyal Road, 1st Floor, Opp Gazole Taxi Stand, Malda – 732
101, West Bengal, Tel.: (03512) 223681/724/728, Rash Behari : Ground Floor, 99 Park View Appt., Rash Behari Avenue,
Kolkata-700 029, Tel.: (033) 24639811, Salt Lake City : AD-55, Sector-1, Salt Lake City, Kolkata-700 064, Tel.: (033)
23371985, Serampore: 6A/2, Roy Ghat Lane, Hinterland Complex, Serampore, Dist. Hooghly – 712 201, West Bengal,
Tel.: (033) 26529153/9154, Siliguri: Ground Floor, Jeevan Deep Bldg., Gurunanak Sarani, Sevoke Rd., Silliguri-734 401,
Tel: (0353) 2535199.

SOUTH ZONE
ANDHRA PRADESH REGION
Guntur: Door No. 31-9-832, 9th Line, Second Cross, Arundelpet, Guntur, Andhra Pradesh – 522 002, Tel.: (0863)
2333818/2333819, Hitech City: Regency Classic, Second Floor, Plot No 58, Jayabheri Enclave, Gachibowli, Above Punjab
National Bank, Near Radisson Blu Hotel, Hyderabad-500032, Telangana, Tel: 040-29990658. Hyderabad : Lala II Oasis
Plaza, 1st floor, 4-1-898 Tilak Road, Abids, Hyderabad-500 001, Tel: (040) 24750281/24750381/382, Kadapa: No. 2/790,
Sai Ram Towers, Nagarajpeta, Kadapa-516 001, Tel: (08562) 222121/131,Nellore: Plot no.16/1433, Sunshine Plaza, 1st
Floor, Ramalingapuram Main Road, Nellore – 524 002, Andhra Pradesh, Tel: (0861) 2335818/19, Punjagutta : 6-3-679,
First Floor, Elite Plaza, Opp. Tanishq, Green Land Road, Punjagutta, Hyderabad-500 082, Tel: (040)-23417246,
Rajahmundry: Door No.7-26-21, 1st Floor, Jupudi Plaza, Maturi Vari St., T. Nagar, Dist. – East Godavari, Rajahmundry –
533101, Andhra Pradesh, Tel.: (0883) 2008399/2432844, Secunderabad : 10-2-99/1, Ground Floor, Sterling Grand CVK,
Road No. 3, West Marredpally, Secunderabad-500 026, Tel: (040) 27711524, Tirupati: D no. 20-1-201-C, Ground Floor,
Korlagunta junction, Tirumala Byepass Road, Tirupati-517 501, Andhra Pradesh, Tel.: (0877) 2100607/2221307,
Vijaywada: Door No. 27-12-34, B S N Reddy Complex, Gudavallivari Street, Governorpet, Vijayawada – 520002, Andhra
Pradesh, Tel. No. (0866) 2578819 / 2578129, Vishakhapatnam: # 47-1-99, 1st Floor. Dwaraka Nagar, 6th Lane, Beside
BVK College. Visakhapatnam - 530 016Andhra Pradesh, Tel Nos: 0891-2748121 / 2748122 / 2550275 Warangal:
Door No. 15-1-237, Shop Nos. 5, 5A & 6, First Floor, ‘Warangal City Centre’, Adjacent to Guardian Hospital, Near Mulugu
Cross Road, Warangal – 506 007, Andhra Pradesh Tel.: (0870) 2440755 / 2440766 / 2441099.

KARNATAKA REGION
Bengaluru : 1st Floor, Centenary Building, No.28, M G Road, Bengaluru – 560001, Karnataka, Tel. No. (080) 2559 2125,
Belgaum: 1st Floor, 'Indira', Dr. Radha Krishna Marg 5th Cross, Subhash Market, Hindwadi, Belgaum - 590 011,
Karnataka, Tel.: (0831) 2423637, Bellary: Ground Floor, Sri Basava Square, 2nd Cross Gandhinagar, Bellary – 583 103,
Karnataka, Tel. No. (08392) 255634 / 635, Davangere: No.998 (Old No.426/1A) "Satya Sadhana", Kuvempu Road, Lawers
Street, K. B. Extension, Davangere - 577 002, Karnataka, Tel.: (08192) 231730/1, Gulbarga: F-8, First Floor, Asian
Complex, Near City Bus Stand, Head Post Office Road, Super Market, Gulbarga – 585 101, Karnataka, Tel.: (08472)
273864/865, Hubli: 1st Floor, Kalburgi Square, Desai Cross, T B Road, Hubli-580 029, Dist Dharwad, Karnataka State, Tel:
(0836)-2363963/64, Jayanagar : First Floor, No. 76 (Old No. 756), 10th Main Road, 4th Block, Jayanagar, Bengaluru –

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560011, Karnataka, Tel. No. (080) 22440837, 26630837, Malleswaram : No.60, Maruthi Plaza, 8th Main, 18th Cross
Junction, Malleswaram West, Bengaluru-560 055, Tel.: (080) 23340672, Mangalore: 1st Floor, Souza Arcade, Near Jyothi
Circle, Balmatta Road, Mangalore-575 001, Karnataka, Tel: (0824) 2426290, 2426258, Mysuru: No.11, Kamakshi Hospital
Road 8th Cross, Saraswathipuram, Mysuru – 570 009, Karnataka, Shivamogga: 321, Ground Floor, P Square, 5th Parallel
Road, Durgigudi, Shivamogga – 577201, Tel. No. 08182 – 295677 / 277703, Whitefield:F-106, First Floor, Regent Prime,
No. 48-50, Whitefield Main Road, Whitefield, Bengaluru 560 066.Karnataka, Tel: 080-42012786

TAMIL NADU & KERALA

Annanagar : W 123, III Avenue, Annanagar, Chennai – 600 040, Tel: (044) 65720030, Chennai Main : Capital Towers,
Ground Floor, 180, Kodambakkam High Road, Nungambakkam, Chennai – 600 034, Tel: (044) 48574545/46/47, Kochi:
Ground Floor, Palackal Bldg., Chittoor Road, Nr. Kavitha International Hotel, Iyyattu Junction, Ernakulam, Cochin-682 011,
Kerala, Tel: (0484) 238 0259/2163, 286 8743, Fax: (0484) 237 0393, Coimbatore: R G Chambers, First Floor, 1023,
Avinashi Road, Coimbatore-641 018, Tel: (0422) 2220874/2221875/2220973, Fax: (0422) 2222399, Kottayam:
Muringampadam Chambers, Ground Floor, Door No.17/480-F, CMS College Road, CMS College Junction, Kottayam–686
001, Tel.: (0481) 2560734, Kozhikode: Aydeed Complex, YMCA Cross Road, Kozhikode - 673 001, Kerala, Tel.: (0495)
2367284 / 324, Madurai: No.3 West Marret Street, LIC Building (1st Floor), Opposite to Railway Station, Madurai – 625
001, Tamil Nadu, Tel. No. (0452) 2338186 / 2333317, Pondicherry: No. 20, Savitha Plaza, 100 Feet Road, Anna Nagar,
Pondicherry (UT) – 605005, Tel. No. 0413 – 220 3369, Salem: No.20, 1st Floor, Above Federal Bank, Ramakrishna Road,
Salem, Tamil Nadu – 636 007, Tel.: (0427) 2316163, T Nagar : 1st Floor, 29, North Usman Road, T Nagar, Chennai-600
017, Tel: (044) 65720011/12, Thiruvananthapuram: T C 15/49(2), 1st Floor, Saran Chambers, Vellayambalam,
Thriuvananthapuram-695 010, Tel: (0471) 2723674, Trichur: 26/621-622, Kollannur Devassy Building, 1st Floor, Town
Hall Road, Thrissur-680 020, Tel. No.:(0487) 2331 259/495, Tirunelveli: 1st Floor, 10/4 Thaha Plaza, South Bypass Road,
Vannarpet, Tirunelveli–627 003. Tel.: (0462) 2500186, Tirupur: 1st Floor, Tip Top Business Centre, (Near Railway Station
Rear Entrance), 104-109, College Road, Tirupur, Tamil Nadu – 641 602., Tel.: (0421) 223 6337/6339, Trichy: Kingston
Park No.19/1, Puthur High Road, (Opp. Aruna Theatre), Puthur, Tiruchirapalli-620 017, Tel.: (0431) 2770713, Vellore: 1st
Floor (Back side), SAI RAJYA, No.14, Officers Line (Anna Salai) Vellore – 632 001, Tamil Nadu, Tel.: (0416) 223
5357/5339. Fax: (0416) 2235330

UTI NRI CELL

UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051, Tel: 66786064 • Fax 26528175 •E-mail: uti-
nri@uti.co.in
OFFICE OF THE REGISTRAR

M/s. KFin Technologies Ltd.: Unit: UTIMF, Karvy Selenium Tower B, Plot Nos. 31 & 32, Financial District,
Nanakramguda,Serilingampally Mandal, Hyderabad - 500 032, Board No: 040-6716 2222, Fax No.: 040- 6716 1888, Email:
uti@karvy.com
KFin Technologies Ltd CENTRES

Abohar: C/o. Shri S K Goyal, Business Development Associate of UTI Mutual Fund, H. No. 1184, Street No.5, 7th Chowk,
Abohar, Punjab – 152 116, Tel.: 01634 – 221238, Ahmednagar: C/o. Mr. Santosh H. Gandhi, 3312, Khist Lane,
Ahmednagar – 414 001, Maharashtra, Mob.: 9850007454, Akola: Shop No.30, Ground Floor, Yamuna Tarang Complex, N
H No.06, Murtizapur Road, Akola – 444 004, Tel.: 0724 – 2451 874, Alleppey: C/o. Mr K Thankachan, MJM Building,
Mullackal, Alleppey, Kerala – 688 011, Tel. No.: (0477) 2251110, Ananthapur: # 15-149, 2nd Floor, S.R.Towers, Opp:
Lalithakala Parishat, Subash Road, Anantapur-515 001, Tel.: (08554) 244449, Andaman & Nicobar Islands: C/o Mr. P
Krishna Murthy, No. 2, 1st Floor, Pongi Chaung, Near Tamizar Sangam, Port Blair, Andaman & Nicobar Islands- 744101.
Mobile: 03192 295853., Ankamaly: C/o Mr. P. K. Martin (CA), Parayil Agencies, Ankamaly South P.O., Ankamaly,
Ernakulam Dist., Kerala – 683573, Tel.: 0484-6004796, Arambagh: C/o Mr Nanda Dulal Mukherjee, Arambagh Panchayet
Samity Market Complex, Opposite Rabindra Bhavan, Room No.8, Arambagh, Hooghly, West Bengal – 712601, Tel.:
9332289812, Azamgarh: 1st Floor, Alkal Building, Opp. Nagarpalika, Civil Lines, Azamgarh – 276 001, Uttar Pradesh,
Bankura: C/o Shri Subhasis Das, Rampur Road (Old Rathtola), Near City Nursing Home, P O & Dist Bankura -722101
West Bengal, Phone No. 03242-259584, Begusarai: UCO Bank, Kapasiya Chowk, Begusarai – 851 117, Bihar, Tel. No.
7518801807, Bhojpur: C/o Mr. V P Gupta, Mahadeva Road, Ara, Bhojpur, Bihar – 802 301, Tel. No.: (06182) 244 334,
Bilaspur: C/o Mr Vijay Kumar Khaitan, Investor Centre, 1st Floor, Hotel Mid Town Complex, Telephone Exchange Road,
Bilaspur – 495 001, Tel. No.: (07752) 414 701, Bongaigaon: C/o Shri Uday Chatterjee, Natun Para, College Road, P.O.
Bongaigaon Dist. Bongaigaon-783380 Assam. Phone No. 03664-230488, Chandrapur: C/o B S Wadhawan, 3rd Floor,

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City Plaza, Above New Purti Bazar, Near Jatpura Gate, Chandrapur, Maharashtra – 442 402, Tel.: 07172 – 255562, ,
Daltonganj: C/o Mr Dimbesh Shrivastava, Mahendra Arcade, 2nd Floor, Near Zila School Chowk, Daltonganj, Dist.
Palamau – 822 101, Jharkhand.,Tel. No. 9955365440, Dhule: Ground Floor, Ideal Laundry, Lane No.4, Khol Galli, Near
Muthoot Finance, Opp. Bhavasar General Store, Dhule – 424 001, Tel: (02562) 282823, East Midnapore: C/o Shri Manoj
Kumar Dolai, Town Padumbasan, P O Tamluk, East Midnapore, West Bengal, Pin-721636, Mob.: 953228266242, Eluru:
23A-3-32, Gubbalavari Street, R R Pet, Eluru - 534 002, Tel.: (08812) 227851 to 54, Erode: No. 4, KMY Salai, Veerappan
Traders Complex, Opp. Erode Bus Stand, Sathy Road, Erode-638 003, Tel.: (0424) 2225615, Firozabad: C/o Mr Nand
Kumar Verma, 42/1, Shivaji Marg, Firozabad, Uttar Pradesh – 283 203, Tel.: (05612) 248290, Gandhinagar: 27, Suman
Tower, Near Hotel Haveli, Sector No.11, Gandhinagar, Ahmedbad-382 011, Tel.: (079) 28529222 / 23249943 / 4955,
Gangapur: C/o Mr Laxmi Narayan Gupta, 98, Bharat Katla, Opposite Private Bus Stand, Gangapur City, Dist
Sawaimadhopur, Rajasthan – 322 201, Tel. No. 07463-231945, Hajipur: C/o Mr. V N Jha, Business Development Associate
for UTI Mutual Fund, 2nd Floor, Canara Bank Campus Kachhari Road, Hajipur ‐844101, Bihar Phone No. 06224 (260520),
Himatnagar: C/o Shri Mohamedarif S Memon, B-1, Deshkanta Memon Complex, Opp Power House, Hajipura,
Himatnagar -383001 Gujarat Phone No. 02772-240796, Hissar: Sco 71, 1st Floor, Red Square Market, Hissar, Haryana –
125001, Tel.: 7518801821 Howrah: C/o Shri Asok Pramanik, Uluberia – R.S., Majherrati, Jaduberia, Dist. Howrah, West
Bengal, Pin-711316, Tel.: 033-26610546, Jalpaiguri: D.B.C. Road, Near Rupasree Cinema Hall, Beside Kalamandir, Po &
Dist Jalpaiguri, Jalpaiguri–735 101, Tel.: (03561) 224207/225351, Jammu & Kashmir: C/o Smt Sunita Malla (Koul), Near
New Era Public School, Rajbagh, Srinagar, Jammu & Kashmir -190008, Tel.: (0194) 2311868, Kaithal: C/o Mr. Parvesh
Bansal, Business Development Associate, S.C.O. No.333, 1st Floor, Sector 20, Urban Estate, Kaithal, Haryana – 136027,
Tel. No.: (01746) 298 486, Kannur: 2nd Floor, Prabhat Complex, Fort Road, Kannur – 670 001, Kerala. Tel. No. (0497)
2764190, Karimnagar: 2nd Shutter, H No. 7-2-607, Sri Matha Complex, Mankammathota, Karimnagar – 505 001,
Telangana, Tel.: (0878) 2244773, Karnal: 18/369, Char Chaman, Kunjpura Road, Karnal – 132 001, Haryana, Tel:(0184)
2251524 / 2251525 / 2251526, Katihar: C/o Mr Rabindra Kumar Sah, Keshri Market, Barbanna Gali, Baniatola Chowk, M
G Road, Katihar, Dist-Katihar, Bihar – 854 105, Tel. No.: (06452) 244 155, Khammam: 2-3-117, Gandhi Chowk, Opp.
Siramvari Satram, Khammam-507 003, Tel.: (08742) 258567, Kheda: C/o Shri Sanjay B Patel, Subhash Corner Pij Bhagol,
Station Road Off Ghodia Bazar, Nadiad, Kheda – 387001, Gujarat, Tel.: (0268) 2565557, Kollam: Sree Vigneswar Bhavan,
Shastri Jn, Kollam – 691 001, Kerala., Tel. No. (0474) 2747055, Korba: C/o Mr Vijay Kumar Rajak, Shop No.31, Pandit
Din Dayal Upadhyaya Shubhada Complex, T P Nagar, Korba – 495 450, Krishna: C/o Shri Mamidi Venkateswara Rao, D.
No. 25-474, Kojjilipet, Machilipatnam, Dist Krishna, Andhra Pradesh, Pin-521001, Tel.: 08672-221520, Kumbakonam: C/o
Shri A Giri, Ground Floor, KVG Complex, 49 TSR Street, Kumbakonam – 612001, Tamilnadu, Tel.: (0435) 2403782,
Kurnool: Shop No.43, 1st Floor, S V Complex, Railway Station Road, Kurnool - 518 004, Tel.: (08518) 228850/950,
Madhubani: C/o Shri Anand Kumar, Bimal Niwas, 7/77, Narial Bazar, P.O. & Dist. Madhubani, Bihar, Pin-847211, Tel.:
06276-223507, Malout: S/o. S. Kartar Singh, Back Side SBI Bank, Ward No.18 H. No.202, Heta Ram Colony, Malout,
Distt. Muktsar – 152 107, Punjab, Mob.:9417669417, Mathura: Ambey Crown II Floor, In front of BSA Collage, Gaushala
Road, Mathura – 281 001, Mob.: 9369918618, Mirzapur: Ground Floor, Triveni Campus, Ratan Ganj, Mirzapur – 231 001,
Uttar Pradesh, Tel.: 7518801836, Moga: 1st Floor, Dutt Road, Mandir Wali Gali, Civil Lines, Barat Ghar, Moga – 142 001,
Punjab. Tel. No.: (01636) 230792, Nadia: C/o Shri Prokash Chandra Podder, Udayan, 20, M.M. Street, (Nr. Sadar Hospital,
Traffic More), PO Krishnagar, Dist. Nadia, West Bengal, Pin-741101, Mob.: 953472255806, Nadiad: 311-3rd Floor, City
Center, Near Paras Cinema, Nadiad – 387 001, Gujarat, Tel.: (0268) 256 3245, Nagaon: C/o Shri Sajal Nandi, A D P Road,
Christianpatty, Nagaon, Assam, Pin-782001, Tel.: 03672-233016, Nagarcoil: 45, East Car Street, 1st Floor, Nagercoil – 629
001, Tamil Nadu, Tel. No. (04652) 233552, Nagpur: Plot No. 2/1, House No. 102/1, Mangaldeep Apartment, Mata Mandir
Road, Opp Khandelwal Jewellers, Dharampeth, Nagpur – 440010, Maharashtra, Tel. No. 0712 – 2533040, Nalanda: C/o
MD Mokhtar Alam, Business Development Associate, Najam Complex, Ground Floor, Bain House, Opposite SBI Bazar
Branch, Post Office Road, P.O. Biharsharif, Dist. Nalanda, Bihar, Pin-803101, Tel.: 06112-233580, Nanded: Shop No.4,
First Floor, Opp. Bank of India, Santkrupa Market, Gurudwara Road, Nanded, Maharashtra – 431 602 – Tel.: 02462 –
237885, Nizamabad: C/o Mr Chouti Giridhar, H.No.5‐6‐570/A2, Beside Bombay Nursing Home, Hyderabad Road,
Nizamabad – 503 002, Telangana. Tel. No.: (08462) 243266, Ongole: Y R Complex, Near Bus Stand, Opp. Power House,
Kurnool Road, Ongole-523 002, Tel.: (08592) 657801/282258, Palghat: 12/310, (No.20 & 21), Metro Complex, Head Post
Office Road, Sultanpet, Palghat, Tel.: (0491) 2547143/373, Paradip: C/o Mr Prasanna Kumar Routaray, New Trade Center-
1, Unit No-5, 2nd Floor, Paradip Port, Bank Street, Dist-Jagatsinghpur, Odisha–754142, Tel. No.: (06722) 223 542,
Pathankot: 2nd Floor, Sahni Arcade, Adjoining Indra Colony Gate, Railway Road, Pathankot, Punjab – 145 001, Tel.: 0186-
2254770, Puri: C/o Shri Pradeep Kumar Nayak, Lavanyapuri, Sarvodaya Nagar, Puri, Orissa, Pin-752002, Tel.: 06752-
251788, Purulia: C/o Mr Manoj Kumar Singhania, Ranchi Road, Bansh Bungalow, Opp. Swimming Pool, Purulia, West
Bengal – 723101, Tel.: 9434013330,Raghunathganj: C/o Mr Dukhu Shaikh, Room No 39, 1st Floor, Fultala Municipality
Market Complex, Raghunathganj, Murshidabad, Pin: 742 225; West Bengal, Tel No. – 03483-266720 Ratnagiri: C/o V L
Ayare, Chief Agent for UTI Mutual Fund, Gala No.3, Shankeshwar Plaza, Nachane Road, Ratnagiri – 415 639, Tel.: (02352)
270502, Rewari: C/o Shri Raghu Nandan, Business Development Associate for UTI Mutual Fund, SCO‐7, Brass Market

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(Opposite LIC office) Rewari – 123401, Haryana Tel (01274) 224864, Roorkee: Shree Ashadeep Complex, 16 Civil Lines,
Near Income Tax Office, Roorkee- 247 667, Tel.: (01332) 277664/667, Sagar: C/o Mr. Mahesh Raikwar, Shop No.9, 1st
Floor, Satyam Complex, In front of Cant Mall, 5, Civil Lines, Sagar – 470 002, Madhya Pradesh. Tel. No.: (07582) 221 871,
Sangli: C/o. Shri Shridhar D Kulkarni, “Gurukrupa Sahniwas” CS No.478/1, Gala No. B-4, Sambhare Road, Gaon Bhag,
Near Maruti Temple, Sangli – 416 416, Maharashtra, Tel.: (0233) 2331228, Satara: C/o. Shri Deepak V. Khandake,
‘Pratik’, 31 Ramkrishna Colony Camp, Satara – 415 001, Tel.: (02162) 230657, Satna: C/o Mr Ajay Dinkar Modak, Prem
Nagar, Near MPEB Office, Satna – 485 001, Tel. No.: (07672) 237030, Shyamnagar: C/o Mr Joydip Bandyopadhyay, 144,
Dr B C Roy Road, Shyamnagar, PO: Noapara, Dist: North 24 Parganas, West Bengal – 743 127, Tel.: 033-25867770,
Sonepat: 2nd Floor, DP Tower, Model Town, Near Subhash Chowk, Sonepat – 131 001, Haryana, Tel.: 7518801853,
Thiruvalla: 2nd Floor, Erinjery Complex, Ramanchira, Opp. Axis Bank Ltd, Thiruvalla, Pathanamthitta, Kerala – 689 107.
Tel. No.: (0469) 3205676, Tuticorin: 4 B, A34, A37, Mangalmal, Mani Nagar, Opp. Rajaji Park, Palayamkottai Road,
Tuticorin–628 003, Tel.: (0461) 2334601/602, Udupi: C/o Shri Walter Cyril Pinto, C/o Feather Communications, 13-3-
22A1, Vishnu Prakash Building, Ground Floor, Udupi, Karnataka, Pin-576101, Tel.: 0820-2529063, Ujjain: C/o Shri Sumit
Kataria, Business Development Associate of UTI Mutual Fund, 68, Mussadipura, Sati Marg, Ujjain, MP – 456006 Tel.:
(0734) 2554795, Uttar Dinajpur: C/o Shri Prasanta Kumar Bhadra, Sudarshanpur, Near Telecom Exchange, P.O. Raiganj,
Uttar Dinajpur, West Bengal, Pin-733134, Tel.: 03523-253638, Yamuna Nagar: Jagdhari Road, Above UCO Bank, Near
DAV Girls College, Yamuna Nagar – 135 001, Haryana. Tel. No. 95417 21389

DUBAI REPRESENTATIVE OFFICE

UTI International (Singapore) Private Limited. Office 19, Floor 3, Gate Village 08, Dubai International Financial Center.
P.O. Box 29288, Dubai, UAE. Tel: +97143857707, Fax: +97143857702

MF UTILITY FOR INVESTORS

The online portal of MF Utilities India Private Ltd (MFUI) i.e. www.mfuonline.com and authorised Points Of Service (POS)
of MFUI shall act as Official Points of Acceptance (OPAs) in addition to the existing OPAs of the UTI AMC Ltd. For
further details please refer to SID/SAI.

MF CENTRAL AS OFFICIAL POINTS OF ACCEPTANCE (OPA) FOR TRANSACTIONS

As per SEBI circular no SEBI/HO/IMD/IMD- II DOF3/P/CIR/2021/604 dated July 26, 2021, Kfin Technologies Limited
(“KFintech”) and Computer Age Management Services Limited (“CAMS”) have jointly developed MFCentral - A digital
platform for transactions/ service requests by Mutual Fund investors. Accordingly, MF Central will be considered as an
Official Point of Acceptance (OPA) for transactions in the Schemes of UTI Mutual Fund.

Registered Stock Brokers of NSE & BSE as per the list available on the website: www.utimf.com are official points of
acceptance under all schemes. Mutual Fund Distributors registered with the Mutual Fund and permitted by the recognized
stock exchange concerned.

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